Lunar Ilmenite is an iron titanate, containing only ferrous iron, titanium, and oxygen, in the proportions FeTiO3. Studies of the spectra of lunar mare basins by Bob Singer of the University of Arizona have produced detailed maps of the distribution of iron and titanium in the mare regolith. Page 45.

If recoverable PGMs are located on the Moon, a robust terrestrial market currently exists to support the commercial exploitation of that resource. At the end of September 2005, the London Fix price for platinum was above $930 per troy ounce, and there appears little reason to believe that price will fall dramatically given platinum's industrial usefulness and its desirability for jewelry and related purposes. The United States Geological Survey has issued a summary that details the diverse number of applications that arise from the superior catalytic properties of PGM metals. Space Review article of Dennis Wingo's book Moonrush