Why is Platinum So Valuable?

Precious Metal Recycling 317-244-0700

Precious Metal Recycling 317-244-0700

Platinum is a highly valuable metal. In fact, many experts will argue that platinum is more valuable than gold and silver, despite their highly respected status among precious metals. There are several qualities of platinum that make this last statement true.

Continue reading to learn more about platinum metal, the industries it is used in, and why it’s so admired and desired across the world.

Qualities of Platinum Metal

Platinum is a white-silver metal with a brilliant shine and a density that’s close to gold. It is a heavier metal that is harder than gold and silver, in its purest form. It has a high melting point, high electrical conductivity, and strong catalytic properties. Global quantities and mines are low, making it even more rare than gold. Its unique qualities make it very useful in several industries across the world. Jewelry, industrial manufacturing, automotive technology, and more are just a few to name.

Platinum is a popular, and high-end, choice for jewelry, home décor, art, and more. The reason for this is its resistance to oxidation; which means it won’t tarnish or rust after long-term exposure to air and water. Not only does it remain shiny and attractive, as we all want jewelry to do, it is very durable and will last for quite some time. Platinum is also hypo-allergenic, making it a perfect ring, watch, or necklace choice for anyone sensitive to nickel or silver. These reasons and more are why platinum is a highly desired metal for the jewelry industry.

The automotive demand for platinum takes up nearly a third of all global demand. In the automotive industry, platinum is widely sought-after to manufacture auto parts, namely exhaust catalysts or catalytic converters. These convert dangerous carbon emissions produced by burning fuel, into a non-toxic substance.

Zore’s Recycling

Indianapolis Metal Recycling 317-244-0700

Indianapolis Metal Recycling 317-244-0700

Call Zore’s Recycling at 317-244-0700 to sell your platinum junk metal for cash in Indianapolis, Indiana. We are experienced metal buyers that offer the highest returns for precious metals like platinum, gold, silver, and more. You can get a free estimate by calling 317-244-0700 and speaking with a friendly and knowledgeable representative about metal recycling in Indianapolis, IN today.

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