mineral · input
Primary feedstock for ~70% of world platinum and ~38% of world palladium. Hosted in Merensky Reef and UG2 Reef. No substitutable ore body exists at scale; the Bushveld is geologically unique and has no close analog elsewhere.
4
Source countries
4
Companies
1
Goods affected
0
Claims on record
What depends on it
1 essential American goods rely on pgm sulfide ore — bushveld complex (south africa) somewhere upstream in their supply chain.
Where it comes from
Share of global supply, by country.
| Country | Share of supply |
|---|---|
| ZASouth Africa | 70% |
| RURussia | 40% |
| USUnited States | 6% |
| ZWZimbabwe | 5% |
Who makes it
4 companies produce pgm sulfide ore — bushveld complex (south africa).
World's largest platinum producer; ~38% of South African PGM refined output; operates Mogalakwena (world's largest open-pit PGM mine), Amandelbult, Waterval Smelter, and Rustenburg PMR. Renamed to Valterra Platinum in 2025 following Anglo American portfolio restructuring.
Second-largest South African PGM producer; ~25% of SA PGM output; also 87%-owner of Zimplats (Great Dyke, Zimbabwe); operates Springs Refinery (Impala Refining Services) for third-party concentrate.
South African mining group; only operator of US PGM mines (Stillwater and East Boulder, Montana); ~15% of SA PGM output; operates Columbus Metallurgical Complex (Montana) for US primary + recycled autocatalyst processing; filed AD/CVD petition against Russian palladium July 2025.
South African PGM producer; ~10% of SA PGM output; first to exceed 1 million oz refined PGMs in FY2024 (10% growth); operates Zondereinde (deepest SA PGM mine at ~2km), Booysendal, and Eland mines.
