Platinum is a precious metal commodity traded on global exchanges. It is used in jewelry, catalytic converters, and industrial applications due to its unique chemical properties.
Description: Platinum is a dense, malleable, and highly unreactive precious metal. It is one of the rarest elements in Earth's crust, with an average abundance of approximately 0.005 ppm. Historically, platinum has been used in jewelry, but its primary industrial use is in catalytic converters for vehicles, where it helps reduce harmful emissions. It is also used in electronics, medical equipment, and as an investment asset. Platinum is traded on major commodity exchanges such as the New York Mercantile Exchange (NYMEX) and the London Platinum and Palladium Market (LPPM). Its price is influenced by supply from South Africa and Russia, industrial demand, and investor sentiment.
Established / Launched: Ancient times (modern trading since 1970s)
