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South Africa leads platinum output recovery, says GlobalData

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Global platinum production is expected to recover by 21.9% this year after a steep decline in 2020, says data analytics consultancy GlobalData, which adds that the recovery in the automotive and jewellery sectors has led to a rise in demand for platinum production, which will reach 6-million ounces (moz).  GlobalData mining analyst Vinneth Bajaj notes that the largest increase in platinum demand was seen within the automotive sector, at 27.1% growth, adding that “this was largely used for manufacturing autocatalysts, a system built into car exhausts that reduces dangerous exhaust pollutants”.

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