Geochemically
Scarce metals
For information and
statistics on many metallic and non-metallic resources, check out the mineral
commodity summaries on the US Geological Survey web site at http://minerals.usgs.gov/minerals/pubs/mcs
Precious metals
Gold (Au)
Properties and use
Attractive color, dense,
very ductile, inert, good conductor of electricity. Jewelry, ornaments, electronics, gold leaf
Measures in troy ounces
(1/12th pound =
31.1grams)
Alloys with platinum
(white gold), silver (electrum), copper (red gold), mercury (amalgam)
Main use, however, is as a monetary metal. Gold
coins. Gold standard
(abolished 1931)
Price fixed at $35/oz
from 1934 to 1968 to stabilize currencies (countries currency was valued
related to how much gold they had in storage); however lessened price of gold.
Price peaked in 1980 at
$850/oz
Ore deposits and
mining
Primary deposits are
hydrothermal (occurs with copper and silver) veins or disseminated–
native metal or combined with
silver and/or copper; often
produced as a byproduct of copper mining.
Placer deposits because
dense and inert. Witwatersrand, S. Africa a major deposit is a paleo-placer
deposit (conglomerate) – mined to depths of 3.5 km (12,000 ft)
Processing
Easy to smelt, or may be
extracted using cyanide solution in heap leaching
Production and
producers
More than 60 countries
producing, but dominated by seven: S. Africa, US (mainly Nevada), Australia,
China, Canada, Russia, Peru
SILVER (Ag)
Properties and use
Pleasing appearance,
malleable and ductile, best
conductor of electricity of all metals (25% silver) . Jewelry,
electronics
Halide compounds (ie
compounds with bromine,chlorine, iodine) have photochemical properties –
used in conventional photography.
Monetary metal -in coins; wide usage by Romans; a synonym for money. Silver coins from mines in Joachimsthal
(Joachim’s valley) in what is now Czech Republic wildly used as currency
in Middle ages. These became known as Joachimsthalers, or “thalers”
leading to the modern word “dollar”.
Ore deposits and
mining
Hydrothermal: Native silver, argentite (sulfide),
tetrahedrite. Like gold often a
byproduct of copper mining.
Processing
Easy to smelt
Production and
producers
Many countries, but no
single dominant one Mexico, Peru, US, Canada and Chile produce 60% of world
production.
Recently consumption of
silver has exceeded production.
May change as digital photography takes hold.
PLATINUM (Pt) and Platinum
Group (Palladium, Rhodium, Iridium, Ruthenium and Osmium)
(occur in same geologic
setting)
Properties and use
Silvery, malleable,
inert, high melting temperature.
Chemical catalyst. Used in Catalytic converters. Laboratory equipment.
Ore deposits and
mining
Native metals, sufides
and arsenides.
Magmatic segregating deposits – Bushveld complex, S. Africa. Often associated with chromite.
Also in placers (dense,
inert) – Ural mountain deposits
Processing
Native element so easy to
process
Production and
producers
South Africa and Russia
dominate. US production from the
Stillwater Complex, Montana