GITNUX MARKETDATA REPORT 2024

Valuable Metals Statistics

Valuable metals statistics may include data on production, consumption, prices, reserves, and trade for metals such as gold, silver, platinum, and palladium.

With sources from: globenewswire.com, usgs.gov, geology.com, banyanhill.com and many more

Statistic 1

Gold has been used as a form of currency and a store of value for at least 2,500 years, according to historical records.

Statistic 2

The platinum market was valued at $6.9 billion in 2019 and is projected to reach $8.6 billion by 2027.

Statistic 3

Silver was the highest produced metal in Mexico in 2020, with production totaling approximately 6,300 metric tons.

Statistic 4

As of the end of fiscal year 2020, the global copper reserves amounted to approximately 870 million metric tons.

Statistic 5

In 2019, the yearly average price of palladium was $1,542 per ounce.

Statistic 6

South Africa was the largest producer of platinum in the world in 2020, accounting for 73 percent of the total production.

Statistic 7

The largest amount of silver is produced as a by-product during the mining of other metals.

Statistic 8

The United States relied on other countries for 48 percent of its copper supply in 2019.

Statistic 9

China is the leading gold producing nation, accounting for 380 metric tons in 2020.

Statistic 10

Almost 80% of the platinum is mined in South Africa.

Statistic 11

In 2018, nickel-based batteries accounted for over 40% of world nickel use.

Statistic 12

In 2015, the palladium market was just a tenth of the size of the gold market.

Statistic 13

The worldwide supply of silver is estimated to amount to 560,000 metric tons.

Statistic 14

The world's largest copper mine, Escondida in Chile, has an estimated annual capacity of 1.2 million metric tons.

Statistic 15

In 2020, total global silver demand was about 896.1 million ounces.

Statistic 16

China accounted for around 28 percent of total world nickel production in 2019.

Statistic 17

In 2019, around 3,300 metric tons of gold was produced globally.

Statistic 18

Russia is the largest producer of palladium, supplying nearly 40% of the world's market.

Statistic 19

The value of the global palladium market is expected to reach $5 billion by 2025.

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In this post, we will explore a comprehensive collection of statistics related to valuable metals, including gold, platinum, silver, copper, and palladium. From historical significance to current market trends and production figures, these statistics offer insights into the global landscape of these precious commodities. Whether you’re interested in the economic impact or the geographical distribution of production, this compilation provides a detailed snapshot of the world of valuable metals.

Statistic 1

"Gold has been used as a form of currency and a store of value for at least 2,500 years, according to historical records."

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Statistic 2

"The platinum market was valued at $6.9 billion in 2019 and is projected to reach $8.6 billion by 2027."

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Statistic 3

"Silver was the highest produced metal in Mexico in 2020, with production totaling approximately 6,300 metric tons."

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Statistic 4

"As of the end of fiscal year 2020, the global copper reserves amounted to approximately 870 million metric tons."

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Statistic 5

"In 2019, the yearly average price of palladium was $1,542 per ounce."

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Statistic 6

"South Africa was the largest producer of platinum in the world in 2020, accounting for 73 percent of the total production."

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Statistic 7

"The largest amount of silver is produced as a by-product during the mining of other metals."

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Statistic 8

"The United States relied on other countries for 48 percent of its copper supply in 2019."

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Statistic 9

"China is the leading gold producing nation, accounting for 380 metric tons in 2020."

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Statistic 10

"Almost 80% of the platinum is mined in South Africa."

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Statistic 11

"In 2018, nickel-based batteries accounted for over 40% of world nickel use."

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Statistic 12

"In 2015, the palladium market was just a tenth of the size of the gold market."

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Statistic 13

"The worldwide supply of silver is estimated to amount to 560,000 metric tons."

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Statistic 14

"The world's largest copper mine, Escondida in Chile, has an estimated annual capacity of 1.2 million metric tons."

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Statistic 15

"In 2020, total global silver demand was about 896.1 million ounces."

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Statistic 16

"China accounted for around 28 percent of total world nickel production in 2019."

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Statistic 17

"In 2019, around 3,300 metric tons of gold was produced globally."

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Statistic 18

"Russia is the largest producer of palladium, supplying nearly 40% of the world's market."

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Statistic 19

"The value of the global palladium market is expected to reach $5 billion by 2025."

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Interpretation

In conclusion, the statistics presented highlight the enduring significance of precious metals in our global economy. Gold, platinum, silver, copper, and palladium continue to play crucial roles in various industries and financial markets, with countries like China, South Africa, and Russia leading the way in production and supply. The steady growth projections for these markets underscore the continued demand for these valuable resources, shaping the future landscape of the metals industry.

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