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.
Ore genesis
Platinum and palladium are precious metals generally found in ultramafic rocks. The source of platinum and palladium deposits is ultramafic rocks which have enough sulfur to form a sulfide mineral while the magma is still liquid. This sulfide mineral (usually pentlandite, pyrite, chalcopyrite, or pyrrhotite) gains platinum by mixing with the bulk of the magma because platinum is chalcophile and is concentrated in sulfides. Alternatively, platinum occurs in association with chromite either within the chromite mineral itself or within sulfides associated with it.