Market Data
Price
$ 1,625.00
Ask
$1,635.00
24h Change
+0.99%
About Platinum
Platinum is rarer than gold and has critical industrial applications, particularly in catalytic converters and hydrogen fuel cells. It's currently trading at a significant discount to gold.
- Chemical symbol Pt, from Spanish "platina" (little silver)
- Atomic number 78, density 21.45 g/cm³ — one of the densest elements
- Annual mine production is roughly 1/15th that of gold
- ~40% of demand comes from automotive catalytic converters
- South Africa produces ~70% of the world's platinum supply