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10 Most Precious Metals On Earth
In ancient times, people went to war over precious metals. These days, they’re still used as commodities for investment and industrial purposes.
There was a time when people literally went to war over precious metals. The progress of ancient civilizations often depended on their possession of these sought after elements, which were used as currency.
These days, precious metals are still used as commodities for investment and industrial purposes. Of course, some are also used to create jewelry, which — just like in ancient times — serve as status symbols.
So, what are the most precious metals in the world? Here are 10 of them.
#1. Gold
When people are asked to name a precious metal, this is the one that first comes to mind. Primarily used for jewelry, gold is a universal medium of exchange. That means it’s considered as good as money. Since it doesn’t tarnish, conducts electricity well, and is easily hammered into thin sheets, gold is likewise utilized as a component in electronics and computers. China, Australia, and the U.S. are the top three producers of this metal.
#2. Silver
The popular superstition associated with this metal claims that only a silver bullet can killed a werewolf. But even without its werewolf-killing ability, silver is sought after because it can be used in electronics, coins and manufacturing batteries. Peru, Chile, Mexico, and China are the largest producers of silver.
#3. Platinum
Platinum is a popular choice for wedding rings. It’s known for its density and ability to withstand corrosion. It’s also somewhat rare. That’s why it’s been associated with wealth and exclusivity. Among the largest producers of this precious metal are Russia, Canada, and South Africa.
#4. Indium
This precious metal is a by-product of zinc-ore processing, as well as iron, copper, and lead ores. Extremely malleable, it was used as a coating for bearings in World War II aircraft engines. These days, it’s used as coating for the bearings of high-speed engines. Japan, South Korea, and China are its largest producers.
#5. Palladium
Palladium is used mainly in vehicles’ catalytic converters, which transform pollutants in exhaust gas to less harmful emissions. It’s also used in making watches, blood sugar test strips, and an array of electronics. Russia, Canada, and the US are among its top producers.
#6. Ruthenium
Largely produced in Canada, Russia, North and South America, and Canada, this is usually used as an alloy for platinum and palladium in order to increase their hardness and resistance. It’s also utilized in electronics.
#7. Rhodium
Known for its reflective properties, this precious metal is a favorite for mirrors and jewelry finish. It also boasts of a high melting point and formidable anti-corrosive properties. Canada, South Africa, and Russia are its top producers.
#8. Iridium
Abundant in South Africa, this precious metal is one of the densest elements in existence. It has contributed to advancements in electronics and medicine. It’s also used in the production of spark plugs.
#9. Osmium
This highly dense element is produced chiefly in North and South America, as well as parts of Russia. It’s a significant component in hardening platinum alloys for electronics.
#10. Rhenium
Boasting of a high melting point, this precious metal is abundant in Kazakhstan, the U.S., and Chile. Thus, it’s added to nickel-based superalloys to improve temperature strength. It is also used in high-temperature turbine engines.
The rarest most precious metal according to science:
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