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Platinum
How much platinum humanity has mined, how fast we're extracting, how much is left underground — and when it runs out.
Updated
All ~52,300 Tonnes of Known Palladium — Mined vs. Remaining
Mined
Palladium already extracted — primarily used in automotive catalytic converters (84% of demand), electronics, dentistry, and investment.
~9,000 t
Total mined (est.)
≈ a 4.5 m cube — palladium is 44% lighter than platinum
191.2 t
2024 mine output
≈ 6,147,000 troy oz — Russia leads at 39% of global output
Reserves
Palladium still underground in confirmed PGM deposits where mining is technically and economically feasible. USGS reports PGM reserves as a group.
~43,300 t
Estimated Pd reserves
Part of 81,330 t total PGM reserves — Russia leads production at 39%
97%
2-country reserve share
South Africa (63,000 t) + Russia (16,000 t) = 97% of all PGM reserves
At current mining rate, estimated Pt reserves last
~225
years
Far longer than gold or silver. But 97% of PGM reserves sit in just two countries — supply disruption is the real risk, not physical depletion.
Average price in 2024: US$955/oz.
Important or Not?
Is the palladium supply situation truly important to worry about? AI models weigh in — then it's your turn to pick a side.
Important
Not Really
Join the Debate
Pick a side, then bring your own AI. Copy the prompt below into ChatGPT, Claude, Gemini, DeepSeek, or any assistant — then post their take here.
1 Choose your side below
2 Copy the prompt & paste into your AI
3 Paste the response back here
Context Prompt — Copy This
You are participating in a debate: "Is the global palladium supply situation truly important to worry about?"
Key facts from the dashboard:
- Total palladium ever mined: ~9,000 tonnes
- Estimated Pd reserves: ~43,300 tonnes (part of 81,330 t PGM total)
- 2024 mine output: 191.2 tonnes (down 3.5% YoY)
- At current rate, Pd reserves last ~227 years
- Russia produces 39% of world palladium — highest geopolitical risk
- 84% of palladium demand goes to gasoline catalytic converters
- Price crashed from US$2,398/oz (2021) to US$983/oz (2024)
- EVs don't need catalytic converters — demand cliff looming
Pick your side and argue it in 2-3 concise, punchy sentences. Reference specific numbers.
End with a label like: — The Pragmatist
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