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Duluth Metals Ltd DULMF



GREY:DULMF - Post by User

Comment by estebancaballoon Nov 30, 2012 11:38am
210 Views
Post# 20666513

RE: RE: RE: RE: RE: RE: decent results

RE: RE: RE: RE: RE: RE: decent results

Very good point re: palladium. Palladium mines are few and far between on this planet yet the demand for this metal continues to grow.....DM could be in a very good position as it is sitting on one of the few proven and significant reserves of palladium in NA, to the best of my knowledge. According to an article on Mineweb (Global platinum mining capacity to increase 38,000 kg by 2015—U.S. Geological Survey):

"In 2010, the United States imported about 94% of the platinum and 58% of the palladium consumed. Virtually all the PGM in the United States comes from the Stillwater Complex in Montana.

However, PGMs are also present in the Duluth ultramafic complex in Minnesota, said the report. The most advanced project is the PolyMet Mining’s NorthMet copper-nickel project.

“In 2020, the United States will continue to be highly dependent on PGMs from South Africa, Russia, Canada and Zimbabwe,” the USGS predicted. “The United States, however, may reduce its dependence of foreign primary PGMs if the recycling rate for PGMs increases.”"

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