Statistics About The Most Precious Metal

In this post, we explore a multitude of fascinating statistics related to the production, pricing, and distribution of some of the world’s most precious metals. From the soaring value of rhodium to the intricate dynamics of global gold, silver, and platinum markets, these statistics shed light on the importance and complexity of the precious metals industry. Let’s dive into the data behind these valuable resources.

Statistic 1

"The rare metal rhodium is priced at around $17,000 per ounce making it one of the most precious metals."

Statistic 2

"The world gold production in 2020 was around 3,200 metric tons."

Statistic 3

"Australia mines about 300 tons of gold per year making it one of the largest gold producers."

Statistic 4

"Annual silver production worldwide is about 25,000 metric tons."

Statistic 5

"Approximately 80% of the world's palladium supply comes from Russia and South Africa."

Statistic 6

"China is the biggest producer of gold worldwide with an output of about 420 metric tons per year."

Statistic 7

"The global platinum production volume in 2020 was roughly 180.5 metric tons."

Statistic 8

"30% of world gold production comes from artisanal and small-scale miners."

Statistic 9

"About 71% of the world’s total physical gold market is made up of jewelry."

Statistic 10

"Only 10% of global gold quantity is used for industrial applications."

Statistic 11

"About 49% of all gold ever mined on earth comes from the Witwatersrand Basin in South Africa."

Statistic 12

"Global silver reserves totaled 560,000 metric tons in 2020."

Statistic 13

"China produces about 14% of the global silver supply."

Statistic 14

"The global platinum demand was approximately 6.84 million ounces in 2019."

In conclusion, the global precious metals industry is characterized by a diverse distribution of production and consumption. With rhodium commanding a high price of $17,000 per ounce, it stands out as one of the most precious metals in the market. Gold remains a substantial player, with significant production volumes worldwide, particularly coming from countries like Australia and China. The artisanal and small-scale mining sector contributes a substantial portion to the world’s gold supply. Jewelry continues to dominate the physical gold market, highlighting its enduring appeal in consumer preferences. Silver and platinum also hold significant roles in the market, with distinct production and demand dynamics. Further insights from additional statistics would provide a more comprehensive understanding of the global precious metals landscape.