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After the turmoil in the markets over the last two weeks it is interesting to note the price behavior of platinum and to investigate the reasons for it strengths.
 

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Platinum closed $15 down yesterday (21^st Nov) after reaching its highest level in two months in the previous session.

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

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

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• Iridium is a stable metal that rarely reacts chemically.

• Iridium is the most corrosive resistant of all metals.

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Iridium is a silvery white Platinum Group Metal (PGM).

It has the chemical symbol Ir.
 

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Approximately 50% of total world demand comes from the electronic industry and about 40% from the chemical industry.
 

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Ruthenium is another Platinum Group Metal (PGM) along with

• Platinum
• Rhodium
• Palladium
• Osmium
• Iridium 

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South Africa is the principal producer of Rhodium and accounts for approximately 80% of the total annual production followed by Russia. Sources are also located in Canada and North and South America.
 

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The principal use of Osmium is in combination with other metals in the Platinum Group Metals (PGMs) to produce extremely hard alloys.

One such use is in armour piercing shells.

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Osmium is a shiny silvery-bluish grey brittle metal in the Platinum group of metals.

The chemical symbol for Osmium is Os.

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