Platinum Spot Price FAQ If it is January 17 at 6:30 PM and the price is $1,002, we will show a change of +2.00. 1. The current edition of Platinum Quarterly includes analysis of platinum supply and demand fundamentals in Q2 and full year 2022. Coal Oil Natural gas Nuclear Hydro Biofuels and waste Other Global share of total energy supply by source, 2019 Open EJ World total energy supply: 606 EJ Coal: 26.8% Oil: 30.9% Natural gas: 23.2% Nuclear: 5.0% Hydro: 2.5% Biofuels and waste: 9.4% Other: 2.2% IEA. Russia's natural resources reserves are worth $75 trillion by Statista's estimate. Issue Briefs also include concise summaries on supply and demand related themes. All the platinum ever produced would only cover your ankles in one Olympic sized swimming pool. In addition to the 1,905 koz recycled platinum output, the global platinum supply totalled 8,015 koz or 227.2 metric tons in 2017. China is currently the largest platinum consuming market in the world, with over 2,300 koz platinum demand in 2017. The largest . Platinum was first discovered in Canada's Ontario province in 1888. In 2021, the global supply of platinum was forecasted at nearly 6.2 million ounces. For example: Platinum last traded at $1,000 at 5:00 PM on January 17. Since 1979, the automotive industry has emerged as the principal consumer of PGM. Russia. In comparison, Russia had the. It is forecast that in 2025 South Africa will remain the world's largest primary platinum supplier, with supply forecasted to amount to 3.85 million ounces that year. In 2021, the South African supply of refined platinum amounted to approximately 4.54 million ounces, and was forecast to rise to 4.56 million ounces in 2022. 2 This amount incorporates, among other things, coal, oil, natural gas, gold, timber, and rare earth . South Africa supplied more. The world's annual supply of platinum (PPLT) is only about 130 tons - which is equivalent to only 6% (by weight) of the total western world's annual mine production of gold (GLD) - and less. Other countries 2,670 2,800 4,320 4,300 NA World total (rounded) 217,000 200,000 166,000 180,000 70,000,000 World Resources:10 World resources of PGMs are estimated to total more than 100 million kilograms. All Rights Reserved Global share of total energy supply by source, 1973 Open EJ Platinum prices finished 2021 holding in the US$960 range before moving as high as US$1,005 in the first days of the new year. NS Energy profiles the five biggest platinum producing countries based on their production in 2018. The rest of annual platinum supplies mostly comes from new platinum dug out of mines. Platinum is a chemical element with the symbol Pt and atomic number 78. About 17% of all annual platinum demand get met with recycled secondary platinum supplies coming back into the market. The United Kingdom held the largest share of global platinum exports in 2020, with some. for platinum in diesel catalytic converters; the proportion can be as much as 50% in some applications. Platinum is a soft, heavy, white colored precious metal. Platinum Production by Country Mining Technology ranks the top platinum producing countries, based on a comprehensive database that is regularly updated with platinum production by countries by capturing their latest platinum output. Platinum is mostly traded on the New York Mercantile Exchange, the Tokyo Commodity Exchange and the London Bullion Market. 1. While the western world's industrial demand is understandably a function of economic growth - which obviously increases at a moderate rate - emerging countries demand for platinum is literally exploding. The worldwide demand for platinum. Much of annual platinum supplies come from recycled autocatalytic converters, old jewelry, coins, and platinum scrap supplies too. South Africa, followed by Russia and Zimbabwe, were the biggest sources of platinum production in 2021. It is 87 percent owned by South Africa's Impala Platinum Holdings (OTCQX: IMPUY ,JSE:IMP). Platinum is a member of the platinum group of elements and group 10 of the periodic table of elements.It has six naturally occurring isotopes. CEO World Platinum Investment Council. Between June 2021 and June 2022 the exports of United States' Platinum have decreased by $-390M (-34.4%) from $1.13B to $742M, while imports decreased by $-641M (-40.2%) from $1.6B to $955M. 4. It is 30 times rarer than gold. If it is January 18 at 5:00 PM and platinum is quoted at $1,025 then we would show a change of +25.00 at that time. Platinum supply/demand dynamics are tight - and getting tighter every month. Platinum is more difficult to produce than gold, as it's located deeper in the earth and requires a more difficult purification process. Rank Country/Region Platinum production (kilograms) Year World 180,000 2019 1: South Africa: 130,000 2019 2: Russia: 22,000 2019 3: Zimbabwe: 15,000 2019 4: Canada Led by increased mining and recycling, the world's total platinum supply is also expected to increase by 4% in the current year against the figures recorded in 2018. Platinum supported catalysts are used in the refining of crude oil, reforming, and other processes used in the production of high-octane gasoline and aromatic compounds for the petrochemical industry. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal.Its name originates from Spanish platina, a diminutive of plata "silver".. It also gives a view of the global above ground stocks of platinum and an outlook for market fundamentals for 2022. Platinum Spot Price $943.00 USD $3.20 USD +0.35% How Much Your Platinum is Worth Platinum Converter APMEX's Platinum price converter is perfect for anyone who needs to calculate the Platinum spot price in any number of currencies, quantities, units of measure and purities before developing your investment strategies. In 2020, 15 countries accounted for approximately 98 percent of the world's platinum exports based on value. . The majority of Canada's platinum supply comes from the Sudbury Basin in Central Ontario. Preliminary figures for 2022 indicate a global platinum supply of around 5.2 million ounces. The majority of platinum production comes from two countries: South Africa and Russia. 1) South Africa - 110mt 1 Oz Canadian Platinum Maple Leaf Coins $1073.41 1/10 Oz Platinum Bars $109.86 1 Oz Platinum Bars $1041.81 1 Oz Australian Platinum Platypus Coins $1078.35 Industrial Uses of Platinum Industrial applications provide about 70% of the annual platinum demand. This thirty-first edition of the Platinum Quarterly, published on 16th May, includes Q1 2022 analysis of platinum supply and demand fundamentals. Meanwhile, the global platinum demand recorded 7,765 koz or 220.1 metric tons in 2017. or 4.01% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Platinum Demand for Automobiles All the gold ever produced would fill three Olympic sized swimming pools. Platinum futures contract trades in units . Canada. For some industrial . It also provides an outlook for changes in global above ground stocks of platinum. 3. Platinum is one of. About 190 metric tons of platinum are mined each year globally. Zimplats (ASX: ZIM ,OTC Pink:ZMPLF) is currently the biggest platinum miner in the country. Overview In June 2022 United States' Platinum exports accounted up to $742M and imports accounted up to $955M, resulting in a negative trade balance of $213M. PLATINUM FUTURES CHANGE (CHANGE FROM PREVIOUS CLOSE) Values for the metal subsequently contracted to the US$955 level. Platinum is one of the rarest metals, occurring at very low concentrations in the Earth's crust. Zimbabwe (11,000 kg, 6.83% of world's platinum) It is most commonly used in catalytic converters for automobiles and is also prominently used in jewelry. The next Platinum Quarterly will be published on 5th September 2022. For example, China. With. Most of the rest of Canada's platinum comes from the Raglan nickel mine in Manitoba, Quebec, and the Lac des lles mine in Western Ontario. Platinum decreased 38.56 USD/t oz. : //smaulgld.com/platinum-supply-and-demand/ '' > platinum supply and demand | Smaulgld < /a > 1 diesel catalytic converters for automobiles is! 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