The Portales Valley meteorite provides an opportunity to investigate and co
mpare the microstructure in Fe-Ni metal of the metallic particles in the ch
ondritic portion and in the metal veins. The low-temperature phase decompos
ition of Fe-Ni metal was investigated using scanning electron microscopy, t
ransmission electron microscopy, and atomic force microscopy. The microstru
cture is formed as the Portales Valley meteorite cooled from high temperatu
res and includes the outer taenite rim, the cloudy zone, clear taenite, and
martensite. Martensite in turn decomposes into a fine admixture of fee rod
s in a bcc matrix. The width of the island phase of the cloudy zone in the
metal particles of the chondritic portion and the metal veins can be used t
o estimate a low-temperature cooling rate. The microstructural evidence ind
icates that the chondritic portions and the metal veins in the Portales Val
ley meteorite cooled together as a mixture with a cooling rate of roughly 6
.5 K/Ma.