Platinum Ounce

Platinum Ounce

Platinum Ounce overview

Platinum is a chemical element with symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name is derived from the Spanish term platino, meaning "little silver".Platinum is a member of the platinum group of elements and group 10 of the periodic table of elements. It has six naturally occurring isotopes. It is one of the rarer elements in Earth's crust, with an average abundance of approximately 5 μg/kg. It occurs in some nickel and copper ores along with some native deposits, mostly in South Africa, which accounts for 80% of the world production. Because of its scarcity in Earth's crust, only a few hundred tonnes are produced annually, and given its important uses, it is highly valuable and is a major precious metal commodity.Platinum is one of the least reactive metals. It has remarkable resistance to corrosion, even at high temperatures, and is therefore considered a noble metal. Consequently, platinum is often found chemically uncombined as native platinum. Because it occurs naturally in the alluvial sands of various rivers, it was first used by pre-Columbian South American natives to produce artifacts. It was referenced in European writings as early as 16th century, but it was not until Antonio de Ulloa published a report on a new metal of Colombian origin in 1748 that it began to be investigated by scientists. Platinum is used in catalytic converters, laboratory equipment, electrical contacts and electrodes, platinum resistance thermometers, dentistry equipment, and jewelry. Being a heavy metal, it leads to health problems upon exposure to its salts; but due to its corrosion resistance, metallic platinum has not been linked to adverse health effects. Compounds containing platinum, such as cisplatin, oxaliplatin and carboplatin, are applied in chemotherapy against certain types of cancer.As of 2018, the value of platinum is $833.00 per ounce.

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Platinum Ounce exchange rates table

Platinum Ounce news

Precious metal prices up in Azerbaijan
Precious metal prices up in Azerbaijan

Precious metal prices increased in Azerbaijan on Nov. 16, according to the data published by the country’s Central Bank.

indicative positive
Gold ends higher for a third session and books a more than 1% weekly advance
Gold ends higher for a third session and books a more than 1% weekly advance

Gold futures end higher Friday for a third consecutive session to book a weekly advance of more than 1%, with geopolitical turmoil and broader equity market weakness helping to underpin prices.

conditional neutral
Jubilee Metals Annual Loss Narrows Significantly As Production Jumps

LONDON (Alliance News) - Mining firm Jubilee Metals Group PLC said Wednesday it narrowed its ...

conditional positive
PRECIOUS-Gold climbs back above $1,200/oz as dollar pauses rally
PRECIOUS-Gold climbs back above $1,200/oz as dollar pauses rally

*Silver touches lowest since Sept. 11. BANGALURU, Nov 13- Gold shook off earlier losseson Tuesday to move back above the key $1,200- per-ounce level,.

indicative neutral
Gold climbs back above $1,200/oz as dollar rally pauses

* Silver touches lowest since Sept. 11; * GRAPHIC-2018 asset returns: http://tmsnrt.rs/2jvdmXl

indicative negative
Precious metal prices decrease in Azerbaijan
Precious metal prices decrease in Azerbaijan

Prices for precious metals decreased in Azerbaijan on Nov. 12, according to the data published by the country’s Central Bank.

indicative neutral

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