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Platinum is traded in the spot market with the code "XPT". When settled in United States dollars, the code is "XPTUSD". As the cost of platinum per ounce fell, the cost per ounce for other metals in the platinum group - especially palladium - rose strongly. As of November 2022, palladium sits at around US$1900 per ounce, compared to US$980 for ...
Platinum is a chemical element; it has symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish platina, a diminutive of plata "silver". [7] [8] Platinum is a member of the platinum group of elements and group 10 of the periodic table of ...
The Siphumelele mine is one of the largest platinum mines located in the north-western part of South Africa in Rustenburg, North West. The mine is owned and operated by Anglo American Platinum. [2] [3] Siphumelele represents one of the largest platinum reserves in South Africa having estimated reserves of 12.4 million oz of platinum. [4]
Platinum, a precious metal, is used in the industrial and manufacturing markets, particularly in vehicle pollution control devices. As the global economy rebounds from the pandemic, platinum’s ...
The strike, the longest in the history of South Africa, ended in late June 2014 when the Association of Mineworkers and Construction Union (AMCU) signed a three-year settlement deal with Impala Platinum and other platinum mine owners, which saw workers earning less than R 12,500 get a wage increase of R 1,000 ($95) per month for two years and R ...
Stillwater Mining Company is engaged in the development, extraction, processing, refining and marketing of palladium, platinum and associated metals (platinum group metals or PGMs) from a geological formation in the Stillwater igneous complex in south central Montana known as the J-M Reef and from the recycling of spent catalytic converters.
African Rainbow Minerals Limited is a mining company based in South Africa. ARM has interests in a wide range of mines, including platinum and platinum group metals (PGMs), iron, coal, copper, and gold. [2] ARM's Goedgevonden coalmine near Witbank is a flagship of their joint venture with Xstrata, and produces 6.7 million tons of coal per year. [3]
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