Why Platinum is the Most Expensive Metal



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The platinum-group metals can be described as refractory metals because of their high melting points. This group comprises platinum, osmium, iridium, ruthenium, rhodium and palladium, i. e., metals which have properties similar to those of platinum. The metals in this group are quite scarce and, hence, can be considered only for very specialized applications even though some of them have exceedingly attractive properties.

The platinum-group metals have been used for years in laboratory apparatus, in the “bushings” of the glass-fiber industry, spinnerets for viscose rayon and other fibers, other special chemical equipment, electrical contacts, spark-plug electrodes, catalysts, thermocouples, resistance thermometers, heating elements, dental applications, jewelry, pen nibs, phonograph needles, and cathodic corrosion protection. As little as 0. 1 percent palladium or platinum in titanium increases substantially its resistance to boiling hydrochloric acid and sulfuric acid. Between 0. 1 and 1 percent platinum or palladium in stainless steels increases their resistance to corrosion in sulfuric acid. A little less than 40 percent of the combined consumption of the precious metals is of platinum itself. About 57 percent is palladium.

platinum metal

Their high melting points and excellent oxidation resistance naturally suggest these metals for high-temperature alloys. Their potential in this direction is being explored, though their scarcity will inevitably limit their use.

One possible application suggested for platinum and rhodium, especially, is as a coating to protect molybdenum from oxidation. The platinum cladding is very effective, but so expensive that attempts have been made to use platinum plating instead, which is not so effective. Rhodium appears to be the most oxidation resistant of the platinum-group metals and also has excellent high-temperature strength. A hazard encountered in working with osmium is that its oxide is extremely toxic.

platinum ring

Special melting and fabricating procedures are used for these metals because of their high cost and the small amounts processed. Melting is often done with torches or by induction heating in lime or zirconia crucibles. Melting may be done in air or in a protective atmosphere or in vacuum.

Platinum and palladium are readily obtained as sheet, foil, platinum wire, and ribbon. Ruthenium and osmium are too hard and brittle to be hot worked.

A large number of alloys of the metals of the platinum group have been prepared for special purposes. For each of the uses mentioned above, there are a number of alloys of these metals that have been found useful.

The uses mentioned above for the platinum metals are in general not dependent on structural strength but on some other outstanding property.

Therefore, mechanical properties of the metals and alloys of the platinum group will not be reviewed.

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