Platinum Trading

Platinum is one of the most valuable elements in the world, and considered one of the most costly precious metal commodities.

Platinum Trading Across Industries

With platinum's primary use in the industrial industry, estimates suggest that it creates one-fifth of all manufactured objects.

Platinum's heaviest use currently comes from the auto sector, where the metal is used to reduce harmful emissions, most notably from diesel engines. Placed in the exhaust system of a vehicle, a very fine coating of platinum speeds up the reaction of oxygen with both deadly carbon monoxide (CO) and hydrocarbons known as 'greenhouse gases', turning them into less harmful carbon dioxide (CO2) and water, reducing the output of sulfur particles.

platinum stands out from all other metals as its known for its hardness, high melting point and resistance to corrosion or chemical reactions. These features make platinum invaluable to a huge range of industrial processes and products, from fertilizers to fiberglass, anti-cancer drugs to thermocouples in furnaces and kilns.

Platinum is one of the most valuable elements in the world, and considered one of the most costly precious metal commodities.

We can help source the platinum you desire at a competive price. Contact us through our precious metal enquiry form and we will get back to as soon as we can.

Major Industrial uses of Platinum

Gold occupies an important place in our culture and society. Gold is used it to make our most prized objects: wedding rings, olympic medals, jewellery, oscars and many more. Gold is also used in electronics, dentistry and spacecraft.
    Autocatalysts

    Platinum's heaviest use currently comes from the auto sector, where the metal is used to reduce harmful emissions, most notably from diesel engines. Placed in the exhaust system of a vehicle, a very fine coating of platinum speeds up the reaction of oxygen with both carbon monoxide (CO) and hydrocarbons, also called 'greenhouse gases', turning them into less harmful carbon dioxide and water, and also reducing the output of sulfur particles.

    Chemicals industry

    Platinum is essential in producing many key industrial, agricultural and household chemicals. Platinum reduces the cost of creating nitric acid which in turn makes nitrogen fertilizers, vital to farming as well as explosives. Everyday plastics such as nylon and polyurethane are also made cheaper. Platinum compounds are also used in sealants, electrical wire insulation, lubricants and kitchen utensils.

    Electrical Use

    Digital data storage was enabled by platinum, coated onto the platters used in hard disc drives. A surge in home-computer use and the boom in cloud computing offered by giant server farms increased the need for platinum.

    Glass Manufacturing

    Holding and channelling molten glass requires tools that can both withstand temperatures of 1700°C and also avoid corroding or reacting with the silicates and other materials used. Fiber glass is produced by drawing the glass through a platinum sieve called a 'bushing'.

    Petroleum Refining

    Platinum has been used by the oil refining industry for over the last four decade. Platinum is a catalyst for 'cracking' low-grade fuel into more efficient forms including gasoline, diesel and jet-engine fuel.

    Medical & Biomedical

    Stents, catheters, guidewires, neuromodulators, defibrillators and all pacemakers use platinum components because it does not react with the chemicals and is hard wearing. Platinum's additionally has anti-cancer potential, with research into new treatments continuing today.

The platinum group metals (PGMs) are six metallic elements that have similar physical and chemical properties and tend to occur together in the same mineral deposits. The six metallic elements are: Platinum, Palladium, Rhodium, Ruthenium, Osmium and Iridium.

Other Precious Metal Types

Silver

If gold is the most well known precious metal, silver is easily second. Silver has more industrial uses than gold so it’s valuable as both currency and for its industrious properties.

Platinum

If there was a ranking on “preciousness” platinum could be considered the most precious of all the precious metals. It’s 15 times rarer than gold and its more ductile than gold, silver or copper.

Palladium

Related to platinum, both belonging to the elemental category called platinum-group metal or PGM. Palladium has some of the same uses as platinum especially with its use in catalytic converters.

Gold

Gold is the most well known precious metal for many reasons, but the most noteworthy is its strong ties to global economies throughout history. Used as currency in many countries globally for hundreds of years, makes it inherently valuable and can still be exchanged for fiat currency.

Global Trading Can Help You Purchase Precious Metal

At Global Trading we can help you source the precious metal your require. We will explain the process and address any questions that you might have. Please contact us at any time or message us via WhatsApp or Skype