Platinum
Platinum is a member of the platinum group of elements and group 10 of the periodic table of elements. It has six naturally occurring isotopes. It is one of the rarer elements in Earth's crust, with an average abundance of approximately 5 μg/kg. It occurs in some nickel and copper ores along with some native deposits, mostly in South Africa, which accounts for 80% of the world production. Because of its scarcity in Earth's crust, only a few hundred tonnes are produced annually, and given its important uses, it is highly valuable and is a major precious metal commodity.
Bushveld Igneous Complex
The "Reef" contains an average of 10 ppm platinum group metals in pyrrhotite, pentlandite, and pyrite as well as in rare platinum group minerals and alloys. The Merensky and UG-2 reefs contain approximately 90% of the world's known PGM reserves. About 80% of the platinum and 20% of the palladium mined each year are produced from these horizons.