The most consistent industrial use of platinum over the last four decades, the oil refining industry uses the metal as a catalyst for 'cracking' low-grade fuel into more efficient forms including gasoline, diesel and jet-engine fuel. During this conference, platinum successively set then-record high prices, fixing in London at U.S.$1852 per troy ounce on 7th February and U.S.$1860 per troy ounce on 8th February . Nitric acid tops the list, making nitrogen fertilizers vital to farming as well as explosives (the United States banned non-military use of platinum in both World Wars), followed by nylon, polyurethane and a host of other everyday plastics. The focus of this article, however, will be the use of platinum in the health care industry. Platinum compounds are used in everything from sealants to electrical wire insulation, lubricants to kitchen utensils. Placed in the exhaust system of a truck or car, a very fine coating of platinum speeds up the reaction of oxygen with both deadly carbon monoxide (CO) and hydrocarbons (so-called 'greenhouse gases'), turning them into less harmful carbon dioxide (CO2) and water, and also reducing the output of sulfur particles. Palladium is more reactive than the other platinum metals. In its latest Platinum Quarterly report, the World Platinum Investment Council (WPIC) revised its forecast for oversupply this year to 505,000 ounces from 295,000 ounces, blaming weak demand for platinum jewelery, and said 2019 would see a surplus of 455,000 ounces. Platinum uses: Industrial Platinum’s industrial applications could fill a book all on their own. Electrical demand set an 11-year high on Specifically, the autocatalysts that vehicles contain convert over 90 percent of hydrocarbons and carbon monoxide into carbon dioxide, nitrogen and water vapor. It has also led to improved data-storing capacity.
REUTERS/Ilya Naymushin The chemical industry uses a significant amount of either platinum or a platinum-rhodium alloy catalyst in the form of gauze to catalyze the partial oxidation of ammonia to yield nitric oxide, which is the raw material for fertilizers, explosives, and nitric acid. The greatest chemicals demand for platinum comes for creating speciality silicones according to technology specialists Johnson Matthey. Will you invest in the metal? These materials contain a uniform distribution of extremely fine refractory precipitate dispersed throughout the mass and the mechanically worked material develops a highly fibrous recrystallation structure on annealing and is unusually stable. Early trials on a number of newer platinum compounds suggest that some may offer therapeutic advantages particularly in terms of reduced toxicityIn the same time new electroplating baths for depositing ruthenium, palladium and rhodium have been introduced and applications occur in the electrical and electronics field. Platinum prices hit a 10-year low in August and are down 9 percent this year. In terms of platinum uptake, industry growth will be at least offset by the increased use of low platinum solutions, particularly when platinum prices are high.

1 million tonnes are operating or under constructionCisplatin, the first generation platinum anti-tumour drug is manufactured by Johnson Matthey Incorporated under the most carefully controlled, clinical conditions.
Platinum use in petroleum refining follows global demand for refined crude oil products. Platinum, platinum alloys, and iridium are used as crucible materials for the growth of single crystals, especially oxides. Platinum uses are incredibly varied — the metal can be used in autocatalysts and jewelry, as well as for medical and industrial purposes. Tell us in the comments.We have limited the number of investor kits you can request to 20.Please remember that by requesting an investor kit, you are giving permission for those companies to contact you using whatever contact information you provide. Demand from automakers — which embed platinum in emissions-reducing catalytic converters and account for around 40 percent of platinum use — will fall by 1 percent in 2019 after a 7 percent plunge this year as a decline in sales of diesel vehicles in Europe slows, the WPIC said. By Richard Bloch. For example, it is attacked more readily by acids than any of the other platinum metals. Two recent articles on palladium and platinum discuss the usage of these metals as autocatalysts for reducing pollution. In 2011, 27 percent of available platinum are processed by the jewelry industry. Platinum demand in China reduced early in the quarter. Molten salt electrolytes are now used for a number of specific platinum metals plating applications, a notable example being the production of platinum aluminide coatings for the protection of gas turbine components.Perhaps the most outstanding achievement in the metallurgy of the platinum metals during this period has been the development and successful production of dispersion strengthened platinum and a number of its alloys. Use in industry will increase by 4 percent in 2019 after an 8 percent rise this year and demand for platinum bars and coins for investment will double from 125,000 ounces this year. Platinum is insoluble in hydrochloric and nitric acid, but dissolves in hot aqua regia (A mixture of nitric and hydrochloric acids), to form chloroplatinic acid, H 2 PtCl 6.

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