Precious metals is a term for rare and/or economically useful metals. The largest industrial use for palladium is in catalytic converters as a result of the metal serves as a great catalyst that accelerates chemical reactions. This shiny metal is 12.6% harder than platinum, making the component additionally extra durable than platinum. This rarity impacts its price on commodities markets and the metal reached report highs of more than $1,800 in Oct. 2019. Palladium is a shiny metal used in many digital and industrial products.
This causes shifts within the notion of what is deemed ‘treasured’ in the eyes of investors. As a secondary product of platinum and nickel extraction, miners have less flexibility to extend palladium output in response to rising costs.
Understandably, rhenium is relatively rare, and its industrial applications make it a highly coveted metal indeed. On the other hand, it’s far much less dense and more … Read More