September 28, 2006

Osmium Production and Value

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Osmium is found in ores containing the Platinum Group Metals. (PGMs)

 

The largest known occurrence of is Turkey with known reserves of circa 125,000 tons followed by Bulgaria with circa 2500 tons.

 

As is the case with PGMs, it is found in the Urals of Russia, North and South America and in the Nickel bearing ores of Ontario, Canada.

 

As is also usual with other PGMs with the exception in some cases of Platinum, extraction is as a by product and not the principal activity of the producers.

 

In terms of value Osmium trades at about US$100.00 per gram although as a point of interest one of it’s stable isotopes (187 Os) can be worth circa US$ 25,000.00 per gram 

 

It is difficult to quantify as an active tradable due to it’s limited use in industry, its unique properties that have not yet and may never be utilized in full and no emerging production shortages.

 

Spot bullion can be purchased from specialist precious metal dealers. Beware of confusion between spot prices per ounce and per gram.

 

 

 

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