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The price depends on the structure of the market, and we will form the structure of the market.. Platinum and palladium prices rose following his comments. South Africa and Russia had signed only a framework accord, he said, with details yet to be decided.onde Maoto. SA and Russia plan âplatinum Opecâ in move to corner the global market. AN AMBITIOUS plan by South Africa and Russia to set up an Opec-style body to co-ordinate platinum exports has been described as a long shot that could harm the industry in the longer term.
Best Answer: South Africa is the world leader in mining and minerals, - nearly 90% of the platinum metals on earth, 80% of the manganese, 73% of the chrome, 45% of the vanadium and 41% of the gold.The key as to why is found in the geology of the nation.ANGANESE South Africa has 80% of the worldâs known economically mineable manganese ore reserves which occur near Hotazel in the Northern Cape Province. Reserves are estimated at 12 billion tons produced in the middle Protozoic age.