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Platinum Group: the World’s Rarest Precious Metals
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Platinum Group: the World’s Rarest Precious Metals

by editorSeptember 6, 2017

At Indigo Precious Metals, we trade in an array of precious metals, including bullion and coins. You need not consider anyone else as IPM is an invaluable source of information for smart investors. We also offer some of the most secure vaulting solutions in the world, with our cutting-edge facility in Singapore allowing you safe storage 100% tax-free. Today, we look at some of the rarest precious metals found in the platinum group. Known for their universal grayish-white appearance, platinum group metals range from ultra-dense to highly malleable. Demand for platinum itself is high, while its cousins equal if not exceed its value. Dealing in gold, silver, and platinum, you can rely on Indigo Precious Metals for all your investing needs. Contact us today at www.indigopreciousmetals.com.

Iridium

Part of the platinum family, iridium is known for its extremity. With a super-high melting point and extremely dense chemical makeup, there’s no precious metal more corrosion-resistant than iridium. The majority of the world’s supply or iridium comes from South Africa, where it mining companies process it from platinum ore. It also appears as a byproduct of nickel mining. Iridium has many uses, particularly in the fields of medicine, electronics, and automobile manufacturing. A little-known fact, iridium also appears in household items like fountain pens and compasses. Demand for iridium remains consistently high, with prices varying frequently.

Ruthenium

Another member of the ultra-rare platinum family, ruthenium is highly popular in the electronics industry. Demand is so high, in fact, that mining takes place across multiple countries and continents, including Russia, North and South America, and Canada. Like all the platinum metals, ruthenium is known for its hardness and resistance to corrosive elements. You can use ruthenium as an additional alloy for elements like palladium and platinum for increased hardness and durability. One of ruthenium’s primary applications is in plating electric contacts. Used in mobile phones, computers, televisions and more, ruthenium is among the most popular, and rare, precious metals.

Osmium 

In contrast to palladium’s malleability, osmium is extremely hard and brittle. You can recognize osmium by its unique bluish-silver color, and, moreover, it shares its high melting point with palladium and iridium. Primarily mined in Russia, and North and South America, its hardness makes it an excellent material for use in electronic plating. Manufacturers typically use it in light bulb and oven filaments, as well as platinum alloys for electrical contacts.

Palladium

Known for its rarity, you can find palladium in numerous countries, there being mining operations all over the world. Russia, South Africa, the US, and Canada are among the many countries that supply the rest of the world’s palladium demand. Jewelers often use it for white gold alloys, and electronics companies use it to manufacture their products. Palladium, unlike its dense cousins, is valuable because of its malleability and stability under hot temperatures. This means you can shape it and manipulate it to suit your needs, without the risk of it destabilizing. Electronics manufacturers tend to use palladium in electronic circuits and plating.

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