Richard (Rick) Mills
Ahead of the Herd
As a general rule, the most successful man in life is the man who has the best information
The platinum-group elements (PGEs) are a group of six elements—platinum (Pt), palladium (Pd), rhodium (Rh), iridium (Ir), osmium (Os), and ruthenium, (Ru). They have similar physical and chemical properties, are among the most scarce of the metallic elements and tend to occur together in the same mineral deposits. The elements of most commercial significance are platinum, palladium, and rhodium.
Industrial use of PGE is centered primarily around their catalytic properties and extreme heat and corrosion resistance. Some of the most important uses are:
- Production of nitric acid using airborne nitrogen to manufacture nitrate fertilizer essential to grow grain
- Enhancing the production of gasoline from heavy crude
- Used in automotive catalytic converters to reduce vehicle exhaust emissions
PGMs are also used in bushings for making glass fibers used in fiber-reinforced plastic and other advanced materials, in electrical contacts, in capacitors, in conductive and resistive films used in electronic circuits, in dental alloys used for making crowns and bridges, and in jewelry.
The vast majority of the worlds PGE production comes as a by-product of nickel ore processing - the huge quantities of nickel ore processed makes up for the fact that PGEs makes up a very small percentage of the ore.
The PGEs are regarded as strategic metals because of their specialized applications in the automotive, agriculture, chemical, petroleum, electrical, electronic, dental, medical, and aerospace industries.
South Africa, with vast platinum ore deposits in the Merensky Reef of the Bushveld complex, is the world's largest producer of platinum, followed by Russia - Russia and South Africa have nearly all the world’s reserves.
Access to raw materials at competitive prices has become essential to the functioning of all industrialized economies. As we move forward developing and developed countries will, with their:
- Massive population booms
- Infrastructure build out and urbanization plans
- Modernization programs for existing, tired and worn out infrastructure
Continue to place extraordinary demands on our ability to access and distribute the planets natural resources.
Richard (Rick) Mills
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Richard is host of www.aheadoftheherd.com and invests in the junior resource sector. His articles have been published on over 200 websites, including: Wall Street Journal, SafeHaven, Market Oracle, USAToday, National Post, Stockhouse, Lewrockwell.com, Casey Research, 24hgold, Vancouver Sun, SilverBearCafe, Infomine, Huffington Post, Mineweb, 321Gold, Kitco, Gold-Eagle, The Gold/Energy Reports, Calgary Herald, Resource Investor, FNArena and Financial Sense.
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This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified.
Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Richard Mills only and are subject to change without notice. Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission.
Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.
Richard Mills does not own shares of any companies mentioned in this report.