![]() Ruthenium ranks fourth on our list of the most expensive precious metals. It is also found in the nickel-bearing ores of Sudbury, Ontario region along with other platinum metals. ![]() The metal occurs in iridosule and in platinum-bearing river sands in the Urals, North America, and South America. Osmium is one of the planet's rarest elements, which is why it commands such a high price. It is frequently used to make electrical contacts and the tip of fountain pens because it is the densest naturally occurring element. OsmiumĪs a trace element in alloys and Platinum ores, osmium is a hard, bluish-white transition metal in the platinum group. It is mined in the USA, Chile, Canada and Russia. Rhenium is obtained from molybdenite in porphyry copper mines and recovered as a by-product of molybdenum processing. The country produced 5,600 metric tons in 2021.Ĭonsidered to be one of the rarest metals of the earth's crust, this high-value metal is frequently utilized for Nickel based superalloys in combustion chambers, turbine blades and exhaust nozzles of jet engines. The number-one silver-producing country in the world is Mexico. Long considered a precious metal, silver is utilised in several different ways, such as the manufacturing of bullion coins and other non-currency related mediums like solar panels, water filtration systems, and jewelry. SilverĬoming in at number 8 is one of the most well known and common metals in the world - silver. Scandium's popularity is growing, due to the fact that it is suited to produce catalysers and to polish glass. Scandium can be found in houses in equipment such as colour televisions, fluorescent lamps, energy-saving lamps and glasses. Scandium is a soft, silvery transition element which occurs in rare minerals from Scandinavia. China is the leading producer of indium from ores and concentrates, while Japan is the leading producer of indium from recycled material. Indium is most commonly used in the semiconductor industry for goods like alloys, solders, and soft-metal high vacuum seals. It is a post-transition metal that makes up 0.21 parts per million of the Earth's crust. The softest metal in existence, Indium takes shape as a silvery-white metal that resembles tin in appearance. In this article we will take a look at the top 10 most valuable precious metals. Osmium, ruthenium, and metals of much greater significance like iridium, palladium, and rhodium are only a few of the metals that make up the platinum group members (PGM's). Gold, silver, and platinum are the three precious metal assets that are traded the most. Metals play a key role in our day-to-day lives - from powering our smart phones to being a focal point in a piece of jewelry.
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