Why is Platinum so precious? What is the value of Platinum? From my previous article What is Platinum? , I have already introduced What Platinum is. So today, I am going to tell you why is Platinum so valuable and even more precious than Gold. Why is Platinum so PRECIOUS? Rareness is the curial answer to this question. The supply is under deficit in the globe. Demand is always higher than supply due to insufficient mines in the world, indeed. Around the world, there are only a few Platinum mines, including Montana, in the USA; Western Ontario, in Canada; the Ural Mountains in Russia; but about 80% of the Platinum is from Bushveld, in South Africa. Learn more from Major countries in global mine production of platinum from 3014 to 2018 from Statista. Source: https://www.statista.com/statistics/273645/global-mine-production-of-platinum/ What kinds of Value does Platinum have? Industrial wise value Platinum is one of the most critical elements during the ...
What is Platinum? Platinum is a natural chemical element, where you can find in the periodic table. It is an element which is a dense, malleable, ductile, highly unreactive, precious, and silverfish-white transition metal . Due to these features, Platinum is famous in being applied to two primary industries, like the semi-conductor industry and jewelry industry. Many of you might have heard of lots of precious metal to create jewelry, but you must not miss out Platinum (Pt). Platinum is a scarce metal that is even rarer than Gold . Because of its scarcity in Earth’s crust, the production amount is just a few hundred tons annually, and given its important uses, it is highly valuable and is a major precious metal commodity. Even though Platinum’s color is silverfish-white and pretty similar to Silver, the value between both metals is enormous due to several reasons. If you want to learn more about the differences, please watch the video from PLATINUM vs WHITE G...