NKP 0.00% 9.9¢ nkwe platinum limited

pgm breakdown for nkp deposits

  1. 141 Posts.
    Does anyone have a breakdown by element of the contained metals in our deposits? Based on facts such as the one below in relation to Rhodium and all the other know information, it's hard to imaging why anyone, such as X, would let such an opportunity slip away from them, (I'm confident they won't).

    The remainder of the article, below, goes on to outline how most of the world's Rhodium comes from our close neighbours at the Bushveld complex.I'm guessing that our deposits have a decent amount too.

    The World's Most Precious Metal at a 72% Discount
    By Luke Burgess | Friday, May 21st, 2010

    The World Rhodium Market

    Rhodium along with platinum, palladium, ruthenium, iridium, and osmium is part of a group of elements referred to as the platinum group metals (PGMs) or platinum group elements (PGEs).

    Platinum group metals have similar physical and chemical properties, but rhodium is the rarest.

    Some of rhodium's principal applications are as a finish for jewelry, mirrors, optical instruments, in electrical connections, and in aircraft turbine engines.

    But the predominant use of rhodium is in catalytic converters for automobiles, for which especially in diesel engines the metal has no substitute.

    As much as 80%-90% of annual rhodium supplies go into the production of automotive catalytic converters, which convert harmful gases from auto exhaust into less harmful substances.

    Rhodium is exceedingly rare. And there are no pure rhodium mines in existence; rhodium is produced entirely as a byproduct of platinum and/or nickel mining.

    This means global rhodium supplies can not respond to changes in demand. So if the supply of rhodium is short, prices will rise drastically and fall just as fast if demand eases off.

    There are less than ten significant rhodium producing mines in the world, most of which are located in South Africa, which supplies over 80% of the world's demand for rhodium.

    But recent power shortages in South Africa have forced mining companies to decrease and sometimes even completely halt rhodium production, with no clear resolution to the crisis in the foreseeable future. This has caused sharp deficits in the supply/demand dynamics of the rhodium market in recent years.

    Annual rhodium production is already extremely limited. Only about 25 tons of rhodium are mined each year. Compare that to the 2,350 tonnes of gold mined in 2009, or the 220 tons of platinum mined each year...

 
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