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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.
Background: The name platinum refers to a mineral, an element and a group of elements. As an element, platinum (chemical symbol Pt) is a silvery-gray metal with an atomic number of 78. It belongs to a group of elements that are in the second and third triads of Group VIII of the Periodic Table of the Elements.ackground: The name platinum refers to a mineral, an element and a group of elements. As an element, platinum (chemical symbol Pt) is a silvery-gray metal with an atomic number of 78. It belongs to a group of elements that are in the second and third triads of Group VIII of the Periodic Table of the Elements.