Tag: industrial metal demand
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Platinum’s Rise Over Palladium in Precious Metals Market Shift
The precious metals market is experiencing a significant shift, with platinum and palladium diverging in value due to changing industrial demands. Once closely linked in automotive catalytic converters, these platinum group metals (PGMs) now follow distinct paths. Palladium’s reliance on the declining internal combustion engine (ICE) sector has led to its undervaluation compared to platinum,…
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Rhodium Surpasses Gold as World’s Most Expensive Metal
Rhodium, a member of the platinum group of metals, has emerged as the world’s most expensive metal, surpassing gold in rarity and price. Its exceptional properties, including resistance to extreme temperatures and oxidation, make it a valuable asset in various industries. Universal High Flow 2.5 inch In/Out Catalytic Converter Stainless Steel Metal | $57.99 The…
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Rhodium Bullion Surges in Value, Investors Eye Potential Boom
Rhodium, a metal crucial to the global auto industry, is a rare commodity with diverse industrial applications. As part of the platinum group metals, rhodium’s primary use lies in automobile catalytic converters, essential for reducing harmful emissions. The demand for rhodium continues to rise, driven by the growth in the automotive sector. Catalytic Convertor Cleaner…