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Platinum is a chemical element; it has symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish platina, a diminutive of plata "silver". Platinum is a member of the platinum group of elements and group 10 of the periodic table of ...
Live Platinum Charts and Platinum Spot Price from International Platinum Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.
May 21, 2024 · Platinum is a precious, silver-white metal with high melting point and resistance to corrosion. It is used for jewelry, catalysts, electrodes, and standards of mass and temperature. Learn more about its history, deposits, compounds, and isotopes.
- The Editors of Encyclopaedia Britannica
Platinum is a very different substance to a chemist. Platinum metal is silvery white and does not oxidise, properties that make it highly appealing for jewellery. It is more precious than silver but with prices more volatile than gold.
- Why Is Platinum Valuable?
- How Rare Is Platinum?
- Top Platinum Mining Countries
- Which Countries Have The Largest PGM Reserves?
- Brokers: Where to Trade Platinum
- Further Reading
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Platinum is a rare chemical element found in the Earth’s crust. The greyish-white metal is one of the most intriguing commodities because its user base defies simple categorization. Business sectors such as the automotive industry demand platinum for use in catalytic converters, while investors covet the metal as a financial asset and store of valu...
The list of uses for platinum makes its comparison to gold seem obvious. However, by some measurements, platinum is even rarer than gold. Miners extract only about 130 million tons of platinum from the ground annually compared to more than 1,700 tons of gold. Platinum mining is also far less efficient than gold mining. The process of extracting the...
Annual mining of platinum totals hundreds of thousands of kilograms. This number has declined steadily in recent years as mining companies have cut back on production and closed mines due to low prices. The Bushveld Complex in South Africa contains the largest reserves and supplies over 75% of the global output.
PGM reserves are a measure of the quantity of economically mineable metals in the ground. South Africa has more than 90% of Earth’s PGM reserves. However, mining is an expensive endeavor, and, ultimately, the price of the metals determines whether it is feasible to mine them.
Interested in trading commodities like Platinum? Start your research with reviews of these regulated brokers available in . CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74%-89% of retail investor accounts lose money when trading CFDs.You should consider whether you can afford to take the hi...
Learned enough about how platinum is produced and what it’s used for? See our Guide To Platinum Trading and Today’s Spot Platinum Price. If you’re interested in other precious metals, see these guides on: 1. How goldis mined and who has the most 2. What silveris used for in commercial industries 3. Which automotive component palladiumis used to cre...
Learn about platinum, a rare and valuable metal used in various industries and as an investment asset. Find out how platinum is mined, where it comes from, and which countries have the most reserves and demand.
2 days ago · Find the current platinum price per ounce, gram, and kilo in USD and other currencies. Learn how platinum prices are determined by supply and demand, industrial and jewelry use, and market events.
May 17, 2022 · Learn about platinum, a rare and expensive silvery-white metal with catalytic properties. Find out how it's mined, refined, and used in various applications, from pollution control to jewelry.
