Metals are among the most valuable commodities in the world. They are used to make jewelry, coins, and other items of value, and they are also essential to modern industries like aerospace and automotive manufacturing. The price of metals fluctuates with the market, but some metals are more expensive than others. In this article, we’ll look at the top six metals which are expensive.
1. Platinum
Platinum is the most expensive of the precious metals, with an average price of around $1,250 per ounce. It’s a dense, malleable metal that is resistant to corrosion and has a beautiful white sheen. It’s used to make jewelry, coins, and other items of value, and it’s also used in industrial processes such as catalytic converters for cars. Platinum is also used in the electronics industry for its excellent electrical conductivity.
2. Palladium
Palladium is a silvery-white metal with an average price of around $770 per ounce. It’s a very ductile metal and is one of the least reactive of the noble metals. It’s used to make jewelry and coins, and it’s also used as a catalyst in the production of hydrogen, fuel cells, and other industrial processes. Palladium also has excellent electrical and thermal conductivity.
3. Gold
Gold is a yellow metal with an average price of around $1,700 per ounce. It’s a very malleable metal and is highly resistant to corrosion. It’s used to make jewelry, coins, and other items of value, and it’s also used in electronics and dentistry. Gold is also popularly used in the manufacture of electronics, such as computers and smartphones.
4. Silver
Silver is a white, lustrous metal with an average price of around $17 per ounce. It’s a very malleable metal and is highly conductive of electricity and heat. It’s used to make jewelry, coins, and other items of value, and it’s also used in electronics and photography. Silver is also popularly used in the manufacture of mirrors and solar cells.
5. Rhodium
Rhodium is a rare, silvery-white metal with an average price of around $2,000 per ounce. It’s a very hard and highly reflective metal, and it’s highly resistant to corrosion. It’s used to make jewelry and coins, and it’s also used as a catalyst in the production of chemicals, such as nitric acid and sulfuric acid. Rhodium is also used in the electronics industry, as it’s an excellent electrical conductor.
6. Ruthenium
Ruthenium is a rare, grayish-white metal with an average price of around $1,500 per ounce. It’s a very hard and highly corrosion-resistant metal, and it’s used to make jewelry and coins. It’s also used as a catalyst in the production of chemicals, such as nitric acid and sulfuric acid. Ruthenium is also used in the electronics industry, as it’s an excellent electrical conductor.
In conclusion, there are many metals which are expensive, but the top six metals which are expensive are platinum, palladium, gold, silver, rhodium, and ruthenium. Each of these metals has its own unique properties and uses, and they are all important in modern industries.
