RE: Bushveld Complex Has 38 Kilotons PGM's6 Mar 2021 02:38
Platapus posted the following video (Wide range of topics relating to Green energy and PGM's).
https://www.youtube.com/watch?v=zgb6oy0OJM0
Interestingly, he refers to Rhodium and supply concerns.
Eurasia was mentioning Rhodium as exciting at $5000/ Oz in October 2019.
This Kitco interview mentions concerns in availability when Rhodium was $13,000-$14,000/Oz.
Fast forward to 2021. Rhodium is currently $29,000/ Oz.
It is also interesting that after being pretty stable for 11 months of 2020 another rare metal Iridium has tripled in price in the matter of 4 months. It is now >$5000/Oz and could do a Rhodium if it continues at this rate of increase.
Eurasia, has both Rhodium and Iridium.
Eurasia terms its self as "Eurasia Mining plc, the palladium, platinum, rhodium, iridium and gold producing company."
Why would Rhodium be so expensive?
There is no such thing as a primary rhodium mine, and the major producers are all located in South Africa.
and...….
There is no such thing as a primary Iridium mine, and the major producers are all located in South Africa.
They are obtained as by-products from already rare PGM mines.
An interesting bit of trivia.
It is also worth noting that anomalous deposits of iridium can be found throughout the world at the 65 million year old interface between rocks of the cretaceous and tertiary eras. Such concentrations, thousands of times greater than that normally found in the Earth's crust, are believed to have arrived extra-terrestrially. Their presence is held up as evidence by supporters of the theory that a massive asteroid collision with our planet was the cause of the extinction of the dinosaurs at that same point in geological time.
GLA Sharegar.