GENMF - Platinum-Group Metals And Nickel Miners: The Case To Be Long The Stocks To Consider

Preamble

PGMs. Platinum-group metals (aka, PGMs), including palladium, platinum, rhodium, ruthenium, osmium, and iridium, are mostly mined from ultramafic-mafic igneous intrusives.

There are only a limited number of ultramafic-mafic igneous intrusions on or near the surface of the continental crust, well-known examples including the Bushveld complex, South Africa; Duluth complex, Minnesota; Lac des Îles complex, Ontario; Stillwater complex, Montana; Skaergaard intrusion of Greenland (Fig. 1). The uncommon geological occurrence of ultramafic-mafic complexes is the reason behind the scarcity of the PGMs.

Fig. 1. A map showing the occurrences of intrusions hosting reef-type PGMs and