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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 ...
Example calculation assumes for simplicity that the only valuable material on asteroids is platinum. On August 16, 2016, platinum was valued at $1157 per ounce or $37,000 per kilogram. At a price of $1,340, for a 10% return on investment, 173,400 kg (5,575,000 ozt) of platinum would have to be extracted for every 1,155,000 tons of asteroid ore.
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 ...
In this special "Best Ideas for 2014" edition of The Motley Fool's everthing-financials show, Where the Money Is, banking analyst Matt Koppenheffer tells viewers why he thinks Platinum ...
Costco is again venturing into the precious metals market, expanding its offerings beyond the gold and silver bars it sold to great success. The retail giant now offers 1-ounce platinum bars for ...
If you’re thinking of shelling out any of your hard-earned dollars for some of these expensive items, realize that their prices can fluctuate. Platinum, Gold and More of the Most Valuable ...
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 ...
Platinum is a particularly useful metal; over a third of the annual world production goes for catalytic converters, and new fuel cell technology depends on it as well. However, when it comes to ...
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