19:43 | 21.04.2017
Top 5 Vendors in the Global Platinum Group Metals Market from 2017-2021: Technavio

has announced the top five leading vendors in their recent global
platinum group metals market report until 2021. This
research report also lists six other prominent vendors that are expected
to impact the market during the forecast period.

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Technavio has published a new report on the global platinum group metals market from 2017-2021. (Graphic: Business Wire)
The research study by Technavio on the global
platinum group metals market for 2017-2021 provides a detailed
industry analysis based on the metal (palladium, platinum, and
ruthenium), application (autocatalyst, chemical manufacturing,
electricals and electronics, and jewelry), and geography (APAC, North
America, Europe, and ROW).
“The global platinum group metals market is projected to grow to
27,090 thousand ounces by 2021, at a CAGR of more than 3% over the
forecast period. The increasing demand for platinum and palladium
jewelry is one of the key driving factors for the growth of the market,”
says Mahitha Mallishetty, a lead analyst at Technavio for metals
and minerals research.
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.
Looking for more information on this market? Request
a free sample reportTechnavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.Top five vendors in the global platinum group metals marketAnglo 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
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 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
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efficiently.About TechnavioTechnavio
is leading global technology research and advisory company. The company
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technologies across 80 countries. Technavio has about 300 analysts
globally who specialize in customized consulting and business research
assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.

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