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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.
Platinum is found uncombined in alluvial deposits. Most commercially produced platinum comes from South Africa, from the mineral cooperite (platinum sulfide). Some platinum is prepared as a by-product of copper and nickel refining.latinum is used in the chemicals industry as a catalyst for the production of nitric acid, silicone and benzene. It is also used as a catalyst to improve the efficiency of fuel cells. The electronics industry uses platinum for computer hard disks and thermocouples.