Russia ranks second in the world in terms of platinum and palladium reserves

Russia ranks second in the world in reserves of platinum and palladium. The largest deposits of platinum group metals in Russia are located in the Krasnoyarsk Territory: Oktyabrskoye, Talnakhskoye, Norilsk I.

The total increase in platinum and palladium in Russia for 9 months of 2026 amounted to 12,136 tons.

MOSCOW, October 6 - RIA Novosti. Russia ranks second in the world in reserves of platinum and palladium; the largest deposits of these precious metals are located in the Krasnoyarsk Territory, the press service of the Russian Ministry of Natural Resources told RIA Novosti.

“Russia ranks second in the world in terms of reserves of platinum and palladium. In the ranking of countries that mine platinum group metals, the country also ranks second. The largest deposits of platinum group metals are located in the Krasnoyarsk Territory: Oktyabrskoye - 4971.4 tons, Talnakhskoye - 4106.1 tons, Norilsk I - 3203.3 tons,” the statement said. According to the US Geological Survey (USGS), South Africa ranks first in the world in terms of reserves (63 thousand tons), and Zimbabwe ranks third (1.3 thousand tons).

Platinum reserves in Russia at the beginning of 2026 were estimated at 3.631 thousand tons, palladium - 11.354 thousand tons.

“According to preliminary data, the total increase in platinum and palladium for 9 months of 2026 amounted to 12,136 tons (including 12,134 tons of palladium at the Volkovskoye deposit in the Sverdlovsk region based on the results of revaluation), no significant increases are expected until the end of the year,” adds the Ministry of Natural Resources.