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PGM · byproduct
Bottom line
Platinum sits on 3 federal critical-minerals lists; mine supply is highly concentrated (HHI 0.56, 2025), led by 🇿🇦 South Africa at 73% of output. The US is 89% net import-reliant (2025). Prices rose 25% over the past year (+2%/yr over 4y).
At a glance
Price · 2026
2,129$/troy oz
World Bank Pink Sheet
Price trend
+25% 1Y
+2%/yr · 4Y CAGR
US net import reliance · 2025
89%
Mine production HHI
0.56
Highly concentrated · 2025
From ore to use
lifecycle flow
-
Reported at PGM group level
168,700kilograms
South Africa top · 2025
82,000kilograms
net importer · 2025
Coverage
Provenance
-
103,543.5kilograms
World · 2025
Methodology
The eight-stage lens, the observed-vs-estimated membrane, stage-honest supply, per-stage concentration, ownership resolution and the demand lens - the full method is illustrated live on copper, nickel and lithium.
midstream_components_seed
NREL H2NEW 2024
ownership_control_seed
sec_edgar_ex96_pdf
usgs_critmin_deposits_v2
usgs_deposit_gt
usgs_mine_waste
usgs_mrds_2016
usgs_pp1802_global
usmin_critical_deposits
20 sources · titles open the source card · url opens the publisher