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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 (REVISED) Note: This article, originally published in 1998, was updated in 2006 for the eBook edition. Overview. Platinum is a transition metal in Group 10 (VIIIB) of the periodic table. The periodic table is a chart that shows how chemical elements are related to each other. Platinum is also a member of a group of metals named after itself. Other platinum metals include ruthenium, rhodium, palladium, osmium, and indium.