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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.
Production The six metals of the platinum group (pgm) occur in nature in close association with one another and with nickel and copper. They are among the least abundant of the Earth's elements. Of the few known deposits, those in South Africa and Russia are by far the largest.