Russian Platinum mining jump to 1% in 1Q
Zimbabwe, North American & Canadian mined less! Recently, World Platinum Investment Council [WPIC] published their Platinum Quarterly for the Q1 2025 for the Supply. At the Supply front WPIC said, global refined mine supply of platinum faced significant headwinds in Q1’25, with weakness across all major producing regions except for Russia. Despite a relatively low base in Q1’24, supply fell 10% year-on-year to 1,108 koz in Q1’25, the lowest quarterly output in the time series, with the exception of the Anglo-American Platinum ACP shutdown in Q2’20. South Africa accounted for the bulk of the decline, with output down 10% year-on-year to 715 koz. The country experienced unusually intense rainfall during the quarter, with particularly severe rain in February causing widespread flooding. River overflows and the collapse of a dam resulted in flooding at parts of the underground Amandelbult mine, where full operations are not expected to resume until Q3’25f. Seve...