Platinum Trading Across Industries
Platinum, one of the most valuable metals globally, is a costly but indispensable commodity for many industrial applications.
Platinum, one of the most valuable metals globally, is a costly but indispensable commodity for many industrial applications. Known for its hardness, high melting point, and resistance to corrosion, platinum supports various sectors by facilitating chemical reactions, withstanding extreme temperatures, and enhancing durability in products.
Primary Uses and Industrial Applications Platinum’s most significant demand comes from the automotive sector, where it is used in autocatalysts to reduce harmful emissions. However, its unique properties also make it crucial in sectors ranging from chemicals and electronics to medical applications.
Key Industrial Uses of Platinum
| Application | Description |
|---|---|
| Autocatalysts | In vehicle exhaust systems, platinum accelerates reactions to convert carbon monoxide and hydrocarbons into less harmful emissions, reducing pollution. |
| Chemicals Industry | Platinum serves as a catalyst in producing nitric acid for fertilizers and explosives and is essential for making everyday plastics like nylon. |
| Electrical Use | Used in hard disk drives and cloud computing infrastructure due to its stability in digital data storage. |
| Glass Manufacturing | Enables the production of fiber glass, with platinum sieves (bushings) used in handling molten glass at temperatures up to 1700°C. |
| Petroleum Refining | Platinum has been a catalyst in fuel refining for decades, improving the quality of gasoline, diesel, and jet fuel. |
| Medical & Biomedical | Platinum’s durability and non-reactivity make it ideal for medical devices like stents, pacemakers, and catheters; also has anti-cancer potential. |
The Platinum Group Metals (PGMs)
Platinum belongs to a group of six precious metals with similar properties, known as the Platinum Group Metals (PGMs). These metals are often found together in mineral deposits and include:
- Platinum
- Palladium
- Rhodium
- Ruthenium
- Osmium
- Iridium
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Precious Metals
Partner with Struma B.V. for Platinum Sourcing
Struma B.V. offers a reliable and competitive source for all precious metals. Contact us through our Precious Metal Enquiry Form to discuss your needs, and our experts will assist you in making informed investment or sourcing decisions.