- Atomic number (number of protons in the nucleus): 78.
- Atomic symbol (on the periodic table of elements): Pt.
- Atomic weight (average mass of the atom): 195.1.
- Density: 12.4 ounces per cubic inch (21.45 grams per cubic cm)
- Phase at room temperature: solid.
Why is platinum so rare?
Platinum is much rarer than both gold and silver — so rare, in fact, that all of the platinum ever mined could fit into your living room . ... The vast majority of platinum comes from South Africa, where impediments to mining it have a strong impact on the spot price. These impediments have been coming fast and furious.
What are 3 uses for platinum?
Platinum is commonly known for being used in the manufacturing of jewellery but its main applications spread to catalytic converters, electrical contacts, pacemakers, drugs and magnets .
What are 5 uses for platinum?
- Platinum Automotive Catalytic Converter Exhaust Pollution Prevention (heavy in diesel)
- Platinum Jewelry.
- Platinum Petrochemical Uses.
- Platinum Investment Demand (platinum bullion bars, coins, ETFs)
- Platinum Industrial Applications.
What are 5 facts about platinum?
- Meteorites and our moon contain a higher percentage of platinum than can be found on the Earth.
- The melting point of platinum is 3,215 °F (1,768.4 °C) and the boiling point is 6,917 °F (3,825 °C).
- Typically 95% pure, platinum is one of the purest precious metals.
Is platinum better than gold?
Platinum: Despite being nearly identical in appearance, platinum is more valuable than gold . Platinum’s high price point can be attributed to its rarity and density as precious metals are often priced by their weight.
Is platinum better than diamond?
And for a ring that is symbolic of commitment and longevity, there is no better pairing than one made from two of the strongest and most radiant materials: platinum and diamond. ... Platinum is stronger, more durable and more likely to last a lifetime.
How much platinum is left in the world?
| Characteristic Reserves in metric tons | Worldwide 69,000 |
|---|
What metal is 30 times rarer than gold?
Platinum is 30 times more rare than gold. If all the platinum ever mined were melted and poured into an Olympic-sized pool, the platinum would barely reach your ankles. Gold, however, would fill three pools.
Is gold rarer than diamond?
But, in its elemental form, gold is significantly rarer than diamonds , Faul told Live Science. ... Gold is more abundant than large diamonds, but diamonds as a class of material are not particularly rare.
What makes platinum so valuable?
Why Is Platinum Jewellery So Expensive? The white silver metal known as platinum is the heaviest of the precious metals, weighing almost twice as much as karat gold. It is dense, ductile and impervious to corrosion. It is the least reactive metal and it has a very high melting point .
Is wearing platinum good for health?
The health effects of platinum are strongly dependent upon the kind of bonds that are shaped and the exposure level and immunity of the person that is exposed. Finally, a danger of platinum is that it can cause potentiation of the toxicity of other dangerous chemicals in the human body, such as selenium.
Where is platinum found on Earth?
80% of the world’s current production comes from South Africa and the Sudbury Basin of Canada . Smaller reserves can be found in the United States, Zimbabwe and Australia. Platinum is also attained through recycling.
What are the dangers of platinum?
* Platinum may cause a skin allergy . If allergy develops, very low future exposure can cause itching and a skin rash. * Platinum may cause an asthma-like allergy. Future exposure can cause asthma attacks with shortness of breath, wheezing, cough, and/or chest tightness.
What is platinum mostly for?
A shiny, silvery-white metal as resistant to corrosion as gold. Platinum is used extensively for jewellery . Its main use, however, is in catalytic converters for cars, trucks and buses. This accounts for about 50% of demand each year.
Is platinum a good investment?
Platinum offers a unique investment opportunity, with strong merits to consider: ... Platinum’s precious underpin offers a low-risk entry for investors looking to buy into this investment asset. Platinum has a low correlation to the performance of traditional assets and performs well during periods of economic recovery.
