PGMs are used in many industrial applications and the jewellery industry, and play important roles in reducing pollutants from the combustion of fuel through technologies like catalytic converters. Platinum is the principal product in the PGMs mined by Lonmin. The value of these durable precious metals derives from their robust catalytic and electrical properties, long life cycle and high recyclability. Autocatalytic converters used in the average car contain between three and five grams of platinum.
Mining brings a range of socio-economic benefits, which include creating employment, socio-economic development investment, tax contributions, and helping to develop local and national economies.
Global demand for PGMs1
|1||SFA (Oxford) estimates. Data reported in 2016 restated by SFA (Oxford).|