2023-06-12
Platinum A rare treasure and a value superior to gold
Platinum is a chemical element that belongs to the transition elements in the periodic table of elements. It is known by the symbol Pt and carries the atomic number 78. Platinum is considered one of the rare and precious elements, and it has unique physical and chemical properties.
Yes, platinum is more expensive than gold. Platinum is one of the most precious metals in the world due to its scarcity and difficulty in extracting and manufacturing.
The difference between white gold and platinum lies in the base metal of which each is composed. White gold consists mainly of gold, but it is mixed with other metals such as nickel, palladium, or silver, and its surface is covered with a thin layer of rhodium to give it a white color. Platinum is an actual element used as a base metal in the manufacture of many products.
Platinum is used in a wide variety of applications due to its unique properties. Platinum is used in the manufacture of precious jewelry, similar to the uses for gold. But in addition, platinum is used in the manufacture of catalysts for cars, in the production of plastic fibers, in the manufacture of tanks and laboratory instruments, in the chemical and electrical industries, and in many medical applications such as medical listening devices and heart implants.
The uses of platinum are of a wide variety, and its value and rarity are factors that make it a precious and desirable metal.
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- Platinum Properties: Platinum has a set of unique properties, such as its high mechanical strength, corrosion resistance, and chemical stability. It also has the ability to withstand very high temperatures and is used in many high temperature applications.
- Industrial uses: Platinum is widely used in the chemical and petroleum industries, as it is used as a catalyst in raw material conversion processes. It is also used in the glass industry, plastic fiber industry, electronics, and medical industries.
- Jewelry: Platinum is a popular choice for precious jewelry, especially in making rings, bracelets, and necklaces. It is appreciated for its bright white color and elegant appearance. Platinum is also durable and scratch resistant, making it a preferred choice for everyday use jewelry.
- Market and Value: Due to the scarcity and wide uses of platinum, its price is higher than that of gold. The price of platinum is affected by economic factors, supply and demand. Although its price may fluctuate, it is considered a precious and desirable metal in the global markets.
- Mining and Production: Platinum is extracted mainly from mines in some countries such as South Africa, Russia and Zimbabwe. It is refined and manufactured for various uses in specialized factories.
Platinum has great importance in many vital industries and applications. Its continued scarcity and high value add to its attractiveness as a valuable and desirable material in the global market.