Question: How Much Platinum Is Left In The World?

Which country is rich in platinum?

South AfricaList of countries by platinum productionRankCountry/RegionPlatinum production (kilograms)1South Africa130,0002Russia22,0003Zimbabwe15,0004Canada7,40010 more rows.

What is the highest price Platinum has ever been?

2008 Platinum Record High Price By March 4, 2008 the price of platinum hit a record price high reaching over $2,250.00 oz much of it based on supply disruptions from South African mines. At the time platinum was more than two times the value of gold in US dollar terms.

Which country produces the most uranium?

KazakhstanKazakhstan produces the largest share of uranium from mines (43% of world supply from mines in 2019), followed by Canada (13%) and Australia (12%). Uzbekistan (est.)

Is platinum a good investment in 2020?

Platinum is currently underpriced and of great interest to investors. Demand for the metal could be hampered on the industrial side during 2020 by a sluggish general economy, an end to the labor strike in South Africa, and a constriction of the diesel passenger vehicle market.

Is it worth buying platinum?

Platinum, usually among the most precious of metals, isn’t even worth its weight in gold these days. Some analysts suggest it’s a good time to buy.

How much platinum has been mined in the world?

According to the U.S. Geological Survey, the world mined about 192 tons of platinum in 2011, so at today’s rate, it would take about 100 years to get it out of the ground. But as we said, if the president decided he wanted Treasury to produce a $1 trillion platinum coin, he just has to say so.

Which country is the largest producer of platinum in the world?

South AfricaSouth Africa is the largest producer of platinum in the world by a significant margin, with a production of between 94 and 130 metric tons each year from 2010 to 2019.

Who owns the most platinum?

The Top FiveSouth Africa (110,000 kg, 68.32% of world’s platinum)Russia (25,000 kg, 15.52% of world’s platinum) … Zimbabwe (11,000 kg, 6.83% of world’s platinum) … Canada (7,200 kg, 4.47% of world’s platinum) … United States (3,650 kg, 2.26% of world’s platinum) …

Is platinum more scarce than gold?

Two much rarer metals often fly under the radar: platinum and its close cousin, palladium. Platinum is much rarer than both gold and silver — so rare, in fact, that all of the platinum ever mined could fit into your living room. … Unlike gold, these metals derive much of their value from industrial uses.

What is the most expensive metal in the world?

RhodiumRhodium is the most expensive metal in the world, and it is also extremely rare. With an extremely high melting point and its non-corrosive makeup, it is produced mainly by Russia, Canada and South Africa.

Which country has the most diamonds?

Top five diamond mining countries in the worldRussia. Home to arguably the richest and largest diamond resources in the world, Russia tops the list with more than 12 open-pit mines. … Botswana. Africa’s top diamond producer, Botswana sits second in this global list. … Democratic Republic of Congo. … Australia. … Canada.

What is a pound of platinum worth?

MetalOunceGramGold£1,436.42£46.18Silver£16.082£0.517Platinum£677.05£21.77Palladium£1,638.00£52.66

What’s worth more than platinum?

PalladiumPalladium is currently the most expensive of the four major precious metals – gold, silver, platinum and palladium. It is scarcer than platinum, and is being used in great quantities for catalytic converters in cars. Because of this, prices have swung between the two metals.

Which country has the most gold?

The United StatesThe United States holds the number one spot with over 8,000 tonnes of gold in its vaults – nearly as much as the next three countries combined. For seven consecutive years the Russian Central Bank has been the largest purchaser of gold, increasing its holdings by 274 tonnes in 2018.

What is the rarest metal in the world?

RhodiumRhodium is a silver-white metallic element that is highly reflective and resistant to corrosion. It is considered the rarest and most valuable precious metal in the world — well above gold or silver. The name rhodium comes from the Greek word “rhodon,” meaning rose, named for the rose-red color of its salts.

What makes platinum so valuable?

The white silver metal known as platinum is the heaviest of the precious metals, weighing almost twice as much as karat gold. It is dense, ductile and impervious to corrosion. … It’s color, which mixes well with gold, and its resistance to tarnish and wear, make it an excellent choice in the crafting of fine jewelry.

What metal is 30 times rarer than gold?

PalladiumPalladium, platinum, rhodium, ruthenium, iridium, and osmium form a group of elements referred to as the platinum group metals (PGMs). Palladium is 30 times more rare than gold. This rarity affects its price on commodities markets and the metal reached record highs of more than $1,800 in Oct.

What is scrap platinum worth?

Live Metal Spot Price (24hrs) Aug 17, 2020 at 12:44 ESTPlatinum Spot PricesTodayChangePlatinum Price / Oz$ 960.316.46Platinum Price Per Gram$ 30.870.21Platinum Price Per Kilo$ 30,874.68207.69

How many times is platinum rarer than gold?

Platinum is also 30 times rarer than gold. If all the Platinum ever mined were melted and poured into an Olympic-sized pool, it would barely reach your ankles.

How much is 950 platinum worth?

Scrap Platinum Prices UKPurity£ / Gram£ / Troy Ounce900 (90%) Platinum£15.28£475.25940 (94%) Platinum£15.96£496.40950 (95%) Platinum£16.13£501.69999 (Fine) Platinum£16.96£527.513 more rows

Where is Platinum mostly found?

Most of the platinum in the world is found in Southern Africa, Russia, and North America. South Africa leads the way, producing 75% of the world’s platinum output every year. The following are the three largest deposits of platinum in the world.