Prices
No single exchange-settled price exists for ruthenium. Trade settles over-the-counter against benchmarks published by independent price-reporting agencies. We do not republish those numbers — consult the publishers directly:
Johnson Matthey PGM Prices ↗
Base prices for platinum-group metals, set twice daily by Johnson Matthey traders.
LPPM — London Platinum and Palladium Market ↗
Industry body for PGM market participants — fixings via member-firm panel.
Heraeus PGM Trading Market Report ↗
Weekly PGM market commentary and fundamentals.
USGS Mineral Commodity Summaries 2026 ↗
Annual U.S. Geological Survey reference — production, reserves, prices, and trade statistics for ruthenium.
About Ruthenium
Editorial overviewWhat is ruthenium?
Ruthenium (Ru, atomic number 44) is a rare platinum-group metal and a dense silvery-white transition metal. It is commonly recovered as a byproduct from platinum and palladium mining rather than mined as a standalone metal. Johnson Matthey
How ruthenium is priced
No regulated futures or exchange-listed contract exists for ruthenium. Daily reference prices are published by the same three precious-metal refiners that quote rhodium: Johnson Matthey, Heraeus and Anglo American Platinum. Fastmarkets publishes a weekly ruthenium price assessment.
Where ruthenium comes from
Johnson Matthey says South Africa accounts for over 85% of global primary ruthenium supply, reflecting the country’s dominant platinum-group-metal mining base. It also notes that mine closures and rationalisation in South Africa have tightened the market, while production is otherwise concentrated in other PGM-producing regions such as Russia and North America. Johnson Matthey Full breakdown in the production and reserves sections.
Who produces ruthenium
Johnson Matthey’s 2026 PGM market report points to South African producers as the core source base, and names producer stocks there as a key supply buffer. In practice, ruthenium supply is tied to platinum-group-metal output from major miners such as Anglo American Platinum, Impala Platinum, and Sibanye-Stillwater in South Africa, plus Norilsk Nickel in Russia. Johnson Matthey Full list of producers below.
What ruthenium is used for
Johnson Matthey says ruthenium demand is led by electrical and electronics uses, especially hard disks, and also by chemical-sector catalysts; it expects ruthenium demand to fall 6% in 2026 while the market remains in deep deficit. It also notes ruthenium-based electrodes in spark plugs and ruthenium catalysts in chemical processes such as caprolactam and Cativa acetic acid production. Johnson Matthey, Johnson Matthey PGM Market Report
Key facts about ruthenium supply
- Johnson Matthey forecasts 2026 ruthenium primary supply at 977,000 oz versus demand of 1,193,000 oz, implying a stock draw of 216,000 oz. Johnson Matthey PGM Market Report
- Johnson Matthey says the 2025 ruthenium market deficit widened to nearly 300,000 oz, equal to almost a quarter of annual consumption. Johnson Matthey PGM Market Report
- Johnson Matthey says South Africa accounts for over 85% of global primary ruthenium supply, making supply highly concentrated. Johnson Matthey PGM Market Report
- Johnson Matthey says total recycling is projected to rise 9% year on year to 1,826 koz in 2026, with autoscrap and autocatalyst recycling as key contributors to overall PGM secondary supply. WPIC Platinum Quarterly Q1 2026
- Johnson Matthey says ruthenium sales fell 14% in 2025 because a large release of refined inventory in 2024 was not repeated. Johnson Matthey PGM Market Report
Sources: Johnson Matthey PGM Market Report 2026, Johnson Matthey 2026 PGM Market Report press release, WPIC Platinum Quarterly Q1 2026
Mine Production by Country
Source: USGS MCS 2026Per-country production data not published by USGS
USGS Mineral Commodity Summaries 2026 does not publish per-country production or reserves data specifically for Ruthenium. USGS reports only platinum and palladium broken out by country; rhodium, ruthenium, iridium, and osmium are reported only as part of the combined PGM group (six platinum-group metals). For the consolidated PGM-group table, see the PGM (Platinum Group Metals) page.
Source: USGS MCS 2026
Major Producers (10)
Latest News
All metals news →No recent news for this metal. Visit the Hub news section for all metals news.
Frequently Asked Questions
Auto-generated from primary-source dataWho are the largest global producers of ruthenium?
Among 780+ producers tracked on TSM Hub, the largest disclosed ruthenium producers include Anglo American Platinum (Amplats / Valterra Platinum) (South Africa), Impala Platinum Holdings (Implats) (South Africa), Sibanye-Stillwater (South Africa). Full ranking with primary-source links is available in the producers section.
What is the primary source for ruthenium production and reserves data?
Country-level ruthenium production and reserves figures on TSM Hub are sourced directly from the USGS Mineral Commodity Summaries 2026, the U.S. Geological Survey's authoritative annual reference. Company-level production figures come from each producer's official annual report, production report, or regulated exchange filing.