platinum industry

The platinum industry involves extracting and processing platinum, a rare and valuable metal used in catalytic converters, jewelry, electronics, and industrial applications. Major producers include South Africa, Russia, and Zimbabwe. The industry includes mining operations, refining processes, and market trading. Platinum's rarity and unique properties, such as high resistance to corrosion, make it highly desirable. Its price fluctuates based on supply-demand dynamics, industrial usage, economic conditions, and geopolitical factors. Overall, the platinum industry is a specialized sector within broader metal markets, playing a critical role in automotive, manufacturing, and investment industries.