The Platinum Mining Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2021-2026). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.
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Platinum is a malleable and ductile metal and used in jewelry, dental appliances, electrical contacts, electrical equipment, corrosion-resistant equipment, missile nose cones, jet engine parts, catalysts and catalytic converters in automobiles. Platinum Mining is used to extract platinum ore that occurs in the deep underground. South Africa accounted for the largest share in the Middle East and Africa region followed by Russia and Zimbabwe. South Africa is also the world’s largest producer of platinum, accounting for 73% of global platinum production.
In May 2019, Anglo American Platinum opened its platinum group metal smelter at Unki Mine in Zimbabwe. The company invested USD 62 million to provide local beneficiation of minerals and is in line with the Government’s plans for economic growth in the country.
Major Players are:
Anglo American Platinum Ltd. (South Africa),Impala Platinum Holdings Limited (South Africa) ,Lonmin plc. (South Africa),Norilsk Nickel (Russia),Platina Resources Ltd (Australia) ,Aquarius Platinum plc (Bermuda),Wesizwe Platinum Ltd (South Africa),Zimplats Holdings Ltd (South Africa),Sedibelo Platinum Mines Limited (South Africa),Northam Platinum Ltd (South Africa),Incwala Resources (Pty) Ltd (South Africa),Royal Bafokeng Platinum (South Africa),Platinum Group Metals Ltd (Canada),Sino-Platinum Metals Co., Ltd. (China ),Jinchuan Group Ltd. ,(China)
NOTE: Our analysts monitoring the situation across the globe explain that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
The titled segments and sub-section of the market are illuminated below:
Type (Platinum, Palladium, Rhodium, Osmium, Ruthenium, Iridium), Application (Jewelry, Automotive Industry, Medical Care, Other), Mining Equipment (Mineral Processing Equipment, Surface Mining Equipment, Underground Mining Equipment, Mining Drills and Breakers, Crushing, Pulverizing, & Screening Equipment, Other), Isotopes (90Pt, 192Pt, 94Pt, 195Pt, 196Pt, 198Pt.)
Market Trends:
Increasing Production of Platinum from South Africa
Market Drivers:
Increasing Demand of Platinum from Automotive and Medical Applications
Rapid Industrialization
Increase in Mining Activities
Opportunities:
Growing Use of Platinum as Alloying Agent for Metal Products
Rising Demand for Technologically Advanced Platinum Mining Solutions
Years considered for this report:
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Extract from Table of Content:
Chapter 01 – Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Covid-19 Crisis Analysis on Global Platinum Mining Market
Chapter 05 – Global Platinum Mining Market – Pricing Analysis
Chapter 06 – Global Platinum Mining Market Background
Chapter 07 — Global Platinum Mining Market Segmentation
Chapter 08 – Key and Emerging Countries Analysis in Global Platinum Mining Market
Chapter 09 – Global Platinum Mining Market Structure Analysis
Chapter 10 – Global Platinum Mining Market Competitive Analysis
Chapter 11 – Assumptions and Acronyms
Chapter 12 – Research Methodology
What are the market factors that are explained in the Platinum Mining Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Questions Answered in the Report:
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