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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 ...
South Africa, with vast platinum ore deposits in the Merensky Reef of the Bushveld complex, is the world's largest producer of platinum, followed by Russia. [19] [20] Platinum and palladium are also mined commercially from the Stillwater igneous complex in Montana, USA. Leaders of primary platinum production are South Africa and Russia ...
Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. [1] The demand for precious metals is driven not only by their practical use but also by their role as investments and a store of value. Historically, precious metals have commanded ...
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Today, more than 500 stores line the Gold Souk’s narrow alleys, crammed with pearls, platinum rings, silver earrings, and diamond-encrusted necklaces—as well its namesake precious metal, which ...
While lists of noble metals can differ, they tend to cluster around gold and the six platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum. In addition to this term's function as a compound noun, there are circumstances where noble is used as an adjective for the noun metal.
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