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Platinum is traded in the spot market with the code "XPT". When settled in United States dollars, the code is "XPTUSD". As the cost of platinum per ounce fell, the cost per ounce for other metals in the platinum group - especially palladium - rose strongly. As of November 2022, palladium sits at around US$1900 per ounce, compared to US$980 for ...
Platinum is a chemical element; it has symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish platina, a diminutive of plata "silver". [7] [8] Platinum is a member of the platinum group of elements and group 10 of the periodic table of ...
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If the rhodium metal was then left for 20 years after fission, the 13.3 grams of rhodium metal would contain 1.3 kBq of 102 Rh and 500 kBq of 102m Rh. Rhodium has the highest price of these precious metals ($440,000/kg in 2022 [ 3 ] ), but the cost of the separation of the rhodium from the other metals needs to be considered [ editorializing ...
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Platinum prices are stable year to date but have risen 14% over the past year. Costco is diversifying its precious-metals business by selling 1-ounce bars of platinum for $1,090.
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Naturally occurring platinum and platinum-rich alloys were known by pre-Columbian Americans for many years. [5] However, even though the metal was used by pre-Columbian peoples, the first European reference to platinum appears in 1557 in the writings of the Italian humanist Julius Caesar Scaliger (1484–1558) as a description of a mysterious metal found in Central American mines between ...