PVD stands for Physical Vapor Deposition, a coating process, not a material.
Water coolers are usually either pure copper or they are nickel-plated, the gallium and indium in the liquid metal react with copper and form a compound, you then have to apply liquid metal again after a few months.
With nickel it looks different, this protects the copper from the liquid metal, so you don't have to reapply the liquid metal after a short time, the only thing that happens is that the nickel coating doesn't look so nice after some time.
But this does not affect the cooler.
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