What is the most expensive metal Many investors, businessmen and ordinary people are wondering about the most expensive metal in the world. However, making a list of the most expensive metals is difficult, and it is always subject to change due to changes in the prices of each metal.
The most expensive metals are generally classified as precious metals and noble metals. Precious metls are defined as being rare and of high economic value. Noble metals are those that do not corrode or have a very high resistance to corrosion.
The price of many precious metals is determined by three factors; scarcity of use and market demand.
Diamond is a gemstone and francium is a chemical element that would not be in the order of minerals.
Below are the most expensive minerals, in order, the price per approximately 31 grams and the year of discovery.
What is the most expensive metal in the world:
The price of the metal is 31 grams in dollars
californium 993,099,663
Rhodium 5,494 dollars
Palladium 1744 dollars
Iridium $1341
$1327 gold
Rhenium 1162 dollars
Platinum $835
Ruthenium $237
Osmium 180 dollars
Silver $15.32
What is the most expensive metal in the world The rare and valuable precious metal is californium, and it is currently the most expensive metal in the world californium, which is a radioactive metal.
Californium uses:
Californium is a very powerful neutron emitter that is used in portable metal detectors, to identify gold and silver ores, to identify water and oil layers in oil wells, and to detect corrosion and metal stress in aircraft.
rhodium
Then rhodium similar to palladium, this silver-white and hard corrosion-resistant metal is mainly used in the manufacture of catalytic converters in automobiles.
However, rhodium has qualities that make it more desirable for car manufacturers as the metal is better at removing nitrous oxides from car fumes, and is easier to install in existing transformers.
The demand for rhodium by the auto industry initially fell as a result of the pandemic, and so did its value. But it has since rebounded and now orders a price of $23,000 per ounce, meaning a gram of rhodium is priced at $767.
Rhodium uses:
The main use of rhodium is in automobile catalytic converters (80%). It reduces nitrogen oxides in the exhaust gases.
Rhodium is also used as catalysts in the chemical industry, to make nitric acid, acetic acid, and hydrogenation reactions.
It is used to coat optical fibers, optical mirrors, crucibles, thermal elements and front reflectors, it is used as electrical contact material as it has low electrical resistance and high corrosion resistance.
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