How much platinum does Russia produce and export?
Russia is the 2nd largest producer of platinum: 20 tonnes in 2025, 12% of the world's 170 tonnes (USGS MCS). It is the nullth largest exporter by value: $511.9 million in 2024, 3.5% of world exports of unwrought platinum (HS 711011) (CEPII BACI).
All about platinum · All about Russia · Platinum price history
Russia's platinum production
| World rank | Production (tonnes) | Share of world | Ten-year growth | Year |
|---|---|---|---|---|
| 2 | 20 tonnes | 12% | — | 2025 |
USGS Mineral Commodity Summaries, MCS 2026.
Russia's platinum exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| $511.9 million | 3.5% | 17.3 t | $29,629,142 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 711011 (Platinum, unwrought or in powder form).
The platinum price Russia sells into
The benchmark price, London afternoon fix, was $1,784/troy oz in September 2026, up 24% over twelve months. Its five-year volatility is 26% a year, calmer in 84% of its earlier five-year windows. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Platinum price history.
Cite as: Commodity Origins, "Russia platinum: production, exports and prices", https://commodityorigins.com/countries/RUS/platinum/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.