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Platinum is the principal metal of the six-metal group that bears its name; the other platinum group metals are palladium, rhodium, ruthenium, osmium, and iridium. All possess unique chemical and physical qualities that make them vital industrial materials.
Jewelry creates the largest demand for platinum, accounting for 51%. Automotive catalysts take 29% and chemical and petroleum refining catalysts, 13%.
Platinum is used in the computer industry and in other high-tech electronic applications since it is an excellent conductor of electricity, does not corrode, and has a low reactivity with other metals. This sector accounts for about 7% of consumption.
Platinum is among the world's scarcest metals; new mine production totals
approximately only 5 million troy ounces a year. In contrast, gold mine
production runs approximately 82 million ounces a year, and silver production
is approximately 547 million ounces. more...
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Daily Chart - Spot Month |
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C=Last
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Margins |
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Non-Member Customer Initial |
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$6,075 |
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Member Customer Initial |
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$4,500 |
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Clearing Member and Customer Maintenance |
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$4,500 |
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