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Platinum Prices Today, Price Chart and Forecast Analysis Provided by Procurement Resource

Platinum (Pt) is a metal element with an atomic number of 78 which is found in alluvial deposits, or it is produced as a byproduct in the process of refining copper and nickel. Its melting and boiling points measure around 1770° C and 3825° C, respectively. It is a highly malleable metal element for fine art pieces and jewelry. It also possesses excellent ductility, which is used in making thin wires and strings that are used in making precious items.

Platinum is a silvery-whitish metal that is completely unreactive in nature and is a very precious transition metal that is extensively used in making decorative and jewelry items on a large scale. It belongs to costly metal groups, including gold, silver, and gems like diamonds.

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The key importing countries that import Platinum are the United States, India, and Germany. On the other hand, the key exporting countries for the same are India, Germany, and China.

Key Details About the Platinum Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Platinum price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Platinum Price chart, including India Platinum price, USA Platinum price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Platinum Price Trend:

Platinum, renowned for its exorbitant pricing and diverse applications, is a coveted metal in the jewelry industry and chemical manufacturing. Its significance extends to the production of nitric acid, gasoline, and explosives, enriching various industrial processes.

Furthermore, the agrochemical sector harnesses Platinum for fertilizer production and emission control catalysts in automobiles, contributing to a cleaner environment on a large scale. Recognized for its exceptional thermal and electrical conductivity, Platinum finds its place in electronic circuitry, semiconductor crystals, sensors, and magnetic disks, among other electronic components.

Moreover, Platinum’s anti-cancer properties are harnessed in medical devices such as stents, implants, and pacemakers, while also adorning the realm of fine arts with its presence in necklaces, rings, and decorative pieces.

Considering the Platinum Price Trend and its fluctuating value reflected in the Platinum Price Index, it remains a pivotal element in various industries, driving innovation and economic dynamics.

Key Players:

  • Johnson Matthey
  • Acros Organics
  • Anglo American Platinum Ltd
  • Sibanye-Stillwater
  • Norilsk Nickel Mining and Metallurgical Company
  • Russian Platinum

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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