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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.
So, the estimate of world's platinum mining at 16 tonnes ever is definitely wrong, since we produced 10 times that in just 2001, and pretty much on the same level in the years since. Now, with the Platinum price per kilo being ~$50,000 (src), we get 20,000 tons required to have $1 Trillion worth of Platinum.