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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.
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 ...
Naturally occurring platinum and platinum-rich alloys were known by pre-Columbian Americans for many years. [5] However, even though the metal was used by pre-Columbian peoples, the first European reference to platinum appears in 1557 in the writings of the Italian humanist Julius Caesar Scaliger (1484–1558) as a description of a mysterious metal found in Central American mines between ...
Palladium is also used in jewelry, dentistry, [41] [42] watch making, blood sugar test strips, aircraft spark plugs, surgical instruments, and electrical contacts. [43] Palladium is also used to make some professional transverse (concert or classical) flutes. [44] As a commodity, palladium bullion has ISO currency codes of XPD and 964.
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
Stillwater igneous complex around Mouat chromite mine Chromitite with bronzite phenocrysts from Stillwater Igneous Complex Sulfidic serpentintite, platinum-palladium ore from the Stillwater Mine. This is an altered pegmatitic dunite very richly infused with intercumulate Pt/Pd-rich chalcopyrite & pyrrhotite (golden metallic minerals).
North American Palladium Ltd. is a former Canadian mining company that operated between 1968 and 2019 and that since 1993 operated the Lac des Iles mine in the Lac des Îles igneous complex of the Thunder Bay District of Ontario. The company primarily mined and explored for palladium but also for gold.
Sibanye-Stillwater has established itself as one of the world's largest primary producers of platinum, palladium, and rhodium and is also a top-tier gold producer. It produces other platinum group metals (PGMs) such as iridium and ruthenium, along with chrome, copper and nickel as by-products. The Group has recently begun to build and diversify ...
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