Beyond Gold: The Most Expensive Metals on Earth

You must have heard it said that the value of diamonds decreases over time, but the value of gold remains stable. Due to its intrinsic value and limited supply, gold is considered a safe-haven investment during times of economic uncertainty.

However, many other metals are more expensive than gold and have greater value in certain industries. These metals are often used in the production of high-end electronics and cars, making them highly sought after commodities.

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In this article, we will learn about these rare and expensive metals, which are much more expensive than gold and only available in limited quantities on Earth. These metals will surprise you at how valuable and important they are in various industries.

List of metals most expensive than gold

Below is a list of 10 metals more expensive than gold. These metals are rare earth elements such as rhodium, platinum and ruthenium. The list includes:

1.Californium (Cf)

• Weight: 251 g/mol
• Type: pure metal
• Formed: Synthetically, produced in a nuclear reactor; produced by bombardment of curium with neutrons.

Califenium is the most expensive metal, worth approximately $750 million per ounce. Its rarity results from its artificial production and limited annual production, making it primarily used in nuclear applications and medical treatments.

2.Rhodium (Rh)

• Weight: 102.91 g/mol
• Type: pure metal
• Formation: Extracted from platinum ore; primarily mined in South Africa and Russia.

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Rhodium is prized for its reflective properties and corrosion resistance, and is often used in catalytic converters. Due to its scarcity and high demand from automotive applications, its price could exceed $4,650 per ounce.

3. Palladium (Pd)

• Weight: 106.42 g/mol
• Type: pure metal
• Formation: Mined from nickel-copper deposits; extracted through a smelting process.

Palladium is widely used in catalytic converters and electronics and currently costs about $1,022 an ounce. Its growing demand makes it one of the most popular metals.

4. Platinum (Pt)

• Weight: 195.08 g/mol
• Type: pure metal
• Formation: Found in alluvial deposits and mined from ore; extracted through various refining processes.

Platinum, valued for its durability and resistance to tarnishing, is commonly used in jewelry and industrial applications and costs about $1,005 an ounce.

5. Iridium (Ir)

• Weight: 192.22 g/mol
• Type: pure metal
• Formed: Mined as a by-product of nickel mining; found in platinum ore.

Iridium is one of the rarest metals, known for its hardness and corrosion resistance. At approximately $4,725 per ounce, it is a great value for professional industrial applications.

6. Osmium (Os)

• Weight: 190.23 g/mol
• Type: pure metal
• Formation: Extracted from platinum ore; mined as a by-product of nickel refining.

Osmium, the densest natural element, is used in pen nibs and electrical contacts and costs about $400 per ounce.

7. Ruthenium (Ru)

• Weight: 101.07 g/mol
• Type: pure metal
• Formation: Found along with other platinum group metals; extracted through mining processes.

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Ruthenium, increasingly used in electronics and as a catalyst in chemical reactions, costs about $410 an ounce.

8. Rhenium(Re)

• Weight: 186.21 g/mol
• Type: pure metal
• Formation: Mined from molybdenum ore; extracted through a complex refining process.

Rhenium, which has the third-highest melting point among metals, is used in high-temperature alloys for jet engines and costs about $46.87 per ounce.

9. Silver (Ag)

• Weight: 107.87 g/mol
• Type: pure metal
• Formed: Found in natural form or as a by-product of other mining operations; extracted through the smelting process.

Silver has a wide range of industrial applications due to its high conductivity and reflectivity, and its price is approximately $21.14 per ounce.

10. Indium (In)

• Weight: 114.82 g/mol
• Type: pure metal
• Formation: Mined from zinc ore; extracted through a refining process.

Indium is used primarily in electronics and solar panels and costs between $1 and $5 per gram.

The world of precious metals is fascinating, with many metals worth more than gold. Each metal has unique properties that make it valuable whether used for industrial purposes, electronics, or jewelry.

As demand continues to grow, especially from the automotive and electronics industries, the prices of these metals are likely to rise further. This highlights the need for sustainable mining practices to ensure they are available for future generations.

Source: https://dinhtienhoang.edu.vn
Category: Optical Illusion