Russia to dominate world’s platinum & palladium production with new Arctic project ...News

The Arctic Palladium project which involves development of several platinum-group metal deposits on Russia’s Taimyr Peninsula is nearing completion. It is expected to turn Russia into the world’s top producer of platinum metals. The platinum-group metals (PGMs) is a group of six metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum. They have similar physical and chemical properties, and tend to occur together in the same mineral deposits. The deposits bear almost five thousand tons of platinum group metals with a production potential of 120 tons per year, according to Musa Bazhaev, head of Russian Platinum. Production w

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