Buying and knowing the most expensive metals in the world
The most expensive metals in the world A lot of people, especially those interested in the world of metals, wonder about the many precious metals in them and their beautiful shapes, where there are many precious metals, and the historical and material advantages of each metal differ from the other, starting from the intrinsic value of the gold metal and passing through the metal iridium and other features There are many other minerals that we will learn about in this article in detail, as we mention the most expensive minerals in the world with pictures and details of each mineral, and we will mention all the most expensive minerals in the world in order, starting from the most expensive metal to the cheapest, and in this article we will mention seven of the most expensive minerals in the world with all the information about them From the price, use, images, value, the country in which each mineral is mined, and what distinguishes each mineral from others.
rhodium metal
The most expensive metal in the world
What is the first thing that comes to your mind when you hear about the most expensive minerals in the world?
The most expensive metal in the world
Rhodium
rhodium metal uses
Iridium metal
iridium metal uses
Palladium metal
Palladium metal uses
gold metal
gold metal uses
platinum
platinum metal uses
Ruthenium metal
silver metal
uses of silver metal
rhodium metal
The rhodium metal recently witnessed a new level of rise, as it was traded above $ 13,000 per ounce naturally, and this is a huge rise, but what is the situation that rhodium metal will be in, for example, in the future, and can any other metal exceed it or not? We also know about this topic in our article today.
The most expensive metal in the world
The most expensive metals in the world We will mention in this article, the most expensive metals in the world are those that are categorized based on several factors, namely the price and the scarcity of this metal and the characteristics of the metal, the process of extracting the metal and the areas of use of the metal, and the demand for it, but the main factor in all this It is the scarcity of these minerals as other aspects generally depend on new technologies, and on political and economic conditions.
What is the first thing that comes to your mind when you hear about the most expensive minerals in the world?
Many people would think of the metal as gold, silver, or platinum. But no, in fact these minerals are expensive, but they are not the most expensive at all. These minerals take a place that may be in the middle of the list of the most expensive minerals in the world. Therefore, our talk today, will be about the most expensive minerals in the world that are traded in the commodity market and a market that depends on our classification price of each kilograms in 2021.
The most expensive metal in the world
We will now mention the most expensive metals in the world in detail with a picture of each metal, as each of us learns about these minerals with pictures.
Rhodium
Rhodium
Rhodium is the first metal in the list of the most expensive metals in the world, as its price reaches $675,166 per kilogram. We will mention some things that confirm that it is one of the most expensive metals in the world, as follows:-
First: Trading code according to (International Organization for Standardization - ISO): XRH
Second: Annual production: approximately 30 tons.
Third: The main producers of rhodium: about 80% of this metal.
Fourth, rhodium is mined in South Africa. As for the other producing countries, they are distributed among Russia, Canada, Zimbabwe, the United States, Botswana, Finland and Colombia.
Thus, rhodium is at the top of the list of the most expensive metals in the world among the precious metals of the platinum group. Today, this metal costs about 300 thousand dollars per kilogram, meaning that it is four times more than the price of gold, and about ten times the price of platinum. As we mentioned that The reason why it is one of the most expensive minerals in the world is its extensive extraction methods and great rarity.
rhodium metal uses
The use of rhodium metal is common in the manufacture of lighting, and the manufacture of mirrors, and this precious metal is also used in the manufacture of nuclear reactors, as it is very important
It is indispensable in jewelry stores, where rhodium metal is used in the coating of jewelry to protect it from any scratches, especially white gold, but approximately 80% of the demand for rhodium metal comes from the automotive industry, as it is used in headlight reflectors, catalytic converters and the reason In that, rhodium helps filter nitrogen oxides more clearly than palladium, or platinum, and is easier in terms of installation.
Iridium metal
Iridium is the second most expensive metal in the world, with a price of 102,882 dollars per kilogram. We will mention some things that confirm that it is the second metal in the list of the most expensive metals in the world, which are as follows:-
First: Annual production: approximately 3 tons.
Second: the main producers of iridium: Brazil, the United States, Russia, Myanmar, South Africa, Australia.
We also mentioned that iridium is the second most expensive metal in the world and at the same time it is one of the rarest platinum group metals on earth and its high price is due not only to its small size, but also to the difficulties that accompany its production, to the demand for it in the market and because of political matters. in the countries that produce it and
Given that it is a very hard metal, iridium is ideal as a hardening agent for alloys that are used in the production of aircraft engine parts and water pipes as well.
iridium metal uses
Iridium metal is used in the metallurgical industries, in the automotive, electronics, aviation, and many other sectors. Iridium metal is also used in the manufacture of many products, such as pen heads, scales used in compasses, and surgical instruments, as well as computer memory devices, and lasers. It is then used in the manufacture of rocket engines, and it also plays a role in the medical aspects. It may also be used in the treatment of cancer.
However, iridium is viewed as a minor element where very few people invest in it.
Palladium metal
Palladium metal
Palladium is the third most expensive metal in the world, with a price of $77,837 per kilogram. We will mention what confirms that it is the third metal in the list of the highest metals in the world, which is as follows:-
First, the trading code according to (International Organization for Standardization - ISO): XPD.
Second, the annual production: approximately 200 tons.
Third, major producers: Russia is the first producer of palladium, while other producing countries vary between South Africa, the United States, Zimbabwe, and Canada.
Palladium is 30 times rarer than gold or platinum, which makes it more valuable in the world as this metal is the largest metal that rivals rhodium in the automotive industry because it is used in catalytic converters and diesel cars.
Palladium metal uses
Palladium has gained a lot of popularity, especially after the Dieselgate scandal in 2018, but before that, it was much less expensive than gold or platinum.
But the interest in palladium metal has increased in many fields such as the field of aviation, navigation, weapons, dentistry, general medicine, and electronics, and also uses the field of nuclear energy. It is also used in white gold alloys to prevent scratches, as it is an important means of attracting reserves. , and a safe haven from any possible inflation.
gold metal
Gold metal came in the list No. 4 as it is the fourth metal in the list of the most expensive metals in the world, with a price of 58,836 dollars per kilogram. Many people believed that the highest metals in the world would be gold first, but it came in fourth place and we will mention what confirms that it is one of the most expensive metals in the world as follows:-
First, the trading code according to (International Organization for Standardization - ISO): XAU.
Second, annual production: ranges between 2500 - 3000 tons.
Third, the main producers: Countries share the first place: China, Australia and Russia, as for some other countries, and they vary between the United States, Peru, Canada, Ghana, Indonesia, Mexico, South Africa and many others.
We mentioned that gold is ranked fourth as the most expensive metal in the world, but it is considered the most popular among people in terms of use and demand for it. This is mostly due to the long history of gold, and its continuous stability, as it was an important indication of wealth and power, although it is ranked fourth. In terms of price, it is in the first place in use and demand.
gold metal uses
Gold is used in many fields such as electronics, aircraft manufacturing, dental implants, and the manufacture of some medicines. But certainly his primary industries are jewellery, and commerce.
Currently, the high price of gold is not only dependent on its rarity or its practical uses, but it also depends on market conditions and the demand for it is often from the jewelry, pharmaceutical, and microelectronics industries.
platinum
platinum
Platinum metal came in the fifth category in the list of the most expensive metals in the world, with a price of 34,562 dollars per kilogram. Gold is now taking its rightful place, which it deserves, and what confirms that it is one of the most precious metals in the world as follows:-
First: Trading code according to (International Organization for Standardization - ISO): XPT.
Second: Annual production: approximately 160 tons.
Third: The main producers: South Africa is the main producer and some other countries are Russia, Canada, Zimbabwe, and the United States.
platinum metal uses
Although gold is considered more expensive today, and there are many areas in which it is used, platinum also still retains its status as a sign of wealth. Palladium and Rhodium Among the many industries in which platinum is used, we find dentistry, weapons manufacturing, aviation, computers, medicine in general, glass manufacturing, cancer medicines, drives and turbines, but it is also often such as Gold is used for jewelry.
The platinum market, relatively less or smaller than the gold market, however, the number of investors interested in it, is still rising.
Ruthenium metal
Ruthenium is the sixth most expensive metal in the world, with its price reaching $002 per kilogram. We will mention what confirms this in the following lines:-
First: Annual production: approximately 30 tons.
Second: The main producers: Russia, North and South America, South Africa, and Canada.
Third, ruthenium belongs to the platinum group, and is one of the rarest elements in this group, which makes it somewhat expensive.
Ruthenium metal is used in the electronics industry, in electrical communications, wires, and electrodes production. In addition, many manufacturers use it as a reinforcing element for platinum alloys. One of the interesting areas in which ruthenium is used is radiotherapy in medicine. exposure to latent fingerprints.
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