Competitive vendor landscape
The global PGM market is highly consolidated with the presence of a few large vendors, leading to intense market rivalry. All the key vendors have core mining and operational sites in South Africa. Vendors worldwide are looking to maintain the profit margins despite the rising labor and exploration costs. The high demand for these products from the automobile segment is expected to sustain the market growth over the forecast period.
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Top five vendors in the global platinum group metals market
Anglo American Platinum
Anglo American Platinum is engaged in exploring, processing, refining, and marketing of platinum metals. The company mainly serves the jewelry, fuel cells, dental, and electronics industries. The company's products include copper, platinum, diamonds, coal, iron ore and manganese, and nickel.
Impala Platinum
Impala Platinum is involved in the mining, refining, and marketing of various PGMs, primarily platinum, palladium, rhodium, and associated base metals. The group has operations in the two most significant PGM deposits in the world, namely the Bushveld Complex in South Africa and the Great Dyke in Zimbabwe.
JSC MMC Norilsk Nickel
JSC MMC Norilsk Nickel is the world's leading producer of nickel and palladium, and one of the largest global producers of platinum and copper. The group also produces a variety of by-products such as cobalt, rhodium, silver, gold, iridium, and ruthenium.
Lonmin
Lonmin is the third largest primary producer of platinum in the world. The company operates through PGM operations, evaluation, and exploration segments. The company runs a very vertically integrated operational structure from mine to market.
Stillwater Mining
Stillwater Mining is the only producer of palladium and platinum in the US. The company is engaged in the development, extraction, processing, smelting, refining, and marketing of palladium, platinum, and associated metals from a geological formation in southern Montana known as the J-M Reef.