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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.
Quick Answer. Platinum belongs to the transition metals family, which includes the 38 elements found in groups 3 through 12 on the periodic table. The metals in the family are ductile and malleable while conducting electricity and heat. One of the rarest elements in the Earth's crust, platinum is most commonly found in thin layers of metal ores.