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PGM · byproduct
Bottom line
Ruthenium sits on 2 federal critical-minerals lists; mine supply is highly concentrated (HHI 0.87, 2021), led by 🇿🇦 South Africa at 93% of output. Prices rose 53% over the past year (+5%/yr over 4y).
At a glance
Price · 2025
690dollars per troy ounce
USGS MCS (Ruthenium)
Price trend
+53% 1Y
+5%/yr · 4Y CAGR
Mine production HHI
0.87
Highly concentrated · 2021
From ore to use
lifecycle flow
-
Reported at PGM group level
33,741kilograms
South Africa top · 2021
14,000kilograms
net importer · 2025
Coverage
Provenance
-
17,635.7kilograms
Chemical · 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
ni43101_deposits
usgs_deposit_gt
usgs_mrds_2016
8 sources · titles open the source card · url opens the publisher