South African platinum output will fall about 15% by 2034, Sibanye says, as slower EV uptake tightens a market supplying most of the world's platinum.
SOUTH AFRICA · MARKETS
Key Facts
—The headline: South African platinum output will fall about 15% by 2034, miner Sibanye-Stillwater told analysts on 23 June 2026.
—The numbers: The company sees mined platinum easing from about 6.2 million ounces a year (its 2019 reference) toward 4.7 million ounces in 2034.
—Market share: South African mines supply roughly 70% of the world’s platinum, so the country sets the global tone.
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