Platinum is a versatile metal with a wide range of industrial uses. Some of the major uses of platinum include:
- Automotive catalysts: Platinum is used in catalytic converters to reduce emissions from automobiles.
- Chemical production: Platinum is used as a catalyst in various chemical reactions, including the production of fertilizers, pharmaceuticals, and fuels.
- Jewelry: Platinum is used to make high-end jewelry due to its durability, resistance to tarnish, and white color.
- Electronics: Platinum is used in electronic devices such as hard disk drives and LCD screens.
- Investment: Platinum is widely considered a valuable investment due to its scarcity and industrial applications
- Medical use: Platinum is used in medical equipment and devices, particularly in cancer treatment through chemotherapy.
- Petroleum production: Platinum is utilized in the production of petroleum products, as a catalyst in the refining process
- Others: Platinum is also used in dental fillings, laboratory equipment, and glass manufacturing.