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Platinum arsenide, sperrylite (PtAs 2), is a major source of platinum associated with nickel ores in the Sudbury Basin deposit in Ontario, Canada. At Platinum, Alaska, about 17,000 kg (550,000 ozt) was mined between 1927 and 1975. The mine ceased operations in 1990. [29]
Rank Country/Region Platinum production (kilograms) Year World 180,000 2019 1: South Africa: 130,000 2019 2: Russia: 22,000 2019 3: Zimbabwe: 15,000 2019 4: Canada
Platinum metals extracted during the mining and smelting process can also cause significant environmental impacts. In Zimbabwe, a study showed that platinum group mining caused significant environmental risks, such as pollution in water sources, acidic water drainage, and environmental degradation. [35]
The source of platinum and palladium deposits is ultramafic rocks which have enough sulfur to form a sulfide mineral while the magma is still liquid. This sulfide mineral (usually pentlandite , pyrite , chalcopyrite , or pyrrhotite ) gains platinum by mixing with the bulk of the magma because platinum is chalcophile and is concentrated in sulfides.
Only gold, silver, copper and the platinum group occur native in large amounts. [citation needed] Over geological time scales, very few metals can resist natural weathering processes like oxidation, so mainly the less reactive metals such as gold and platinum are found as native metals. The others usually occur as isolated pockets where a ...
The J-M Reef is the only known significant source of platinum group metals inside the United States and one of the significant resources outside South Africa and Russia. Associated by-product metals at the Company’s operations include minor amounts of gold, silver, nickel and copper.
The platinum bar is retailing for $1,089.99 — if you can get it. ... which has long been viewed by investors as a hedge against inflation as well as a source of financial stability when stock ...
Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. [1] The demand for precious metals is driven not only by their practical use but also by their role as investments and a store of value. Historically, precious metals have commanded ...