5 Largest Platinum Producing Countries in the World

4. Canada 

Average Annual Platinum Production: 6600 kilograms 

Canada plays a substantial role in the global platinum market, primarily through its activities in Ontario, Quebec, and Manitoba. Although it accounts for approximately 3% of the world’s platinum production, Canada boasts some key players in this industry. Companies like Glencore and Impala Platinum are prominent, with Glencore experiencing a recent decrease in platinum production while Impala Platinum has seen an increase.

The majority of Canada’s platinum is derived from nickel mining operations, notably in the Sudbury Basin of Ontario. This region is critical as it contributes to Canada’s platinum, gold, and nickel production. The geological formation of this area, influenced by meteorite impacts and volcanic activities, has led to the accumulation of rich mineral deposits.

Other important mining sites include Quebec’s Raglan nickel mine and the Lac des Iles mine in Western Ontario, owned by Glencore and North American Palladium, respectively. According to the US Geological Survey (USGS), Canada’s PGM reserves currently stand at 341 tons (310,000 kilograms).