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Platinum was discovered and its properties defined relatively late compared to other noble metals – only in the 18th century. But it is more durable, harder and denser than gold and silver, and due to its limited occurrence in the world it is rarer and thus more expensive.
It is one of the rarest metals in the world. Global platinum reserves are not accurately measured, but leading analysts estimate that if five hundred million vehicles currently in service started to use fuel cells, global platinum reserves would be exhausted in fifteen years. Due to the increasing use of platinum, already mined platinum reserves add up to around 1.25 million tons.
Only about 200 tons of platinum is mined annually, which is about 7.4% of gold production and only 0.87% of silver production.
Platinum is one of the most expensive metals in the world. Due to its rarity and properties that cannot be replaced by any other metal, the price of platinum compared to gold and silver has doubled since its discovery.
5. 5. 2020
From the comfort of your home, you can be in regular contact with us. Online webinars where you can find out more information about precious metals, cooperation options or answer your questions.
30. 8. 2016
There is an only diamond mine in American state Arkansas which is open to the public.