Platinum Price Chart, Historical and Forecast Analysis Provided by Procurement Resource

 Platinum (Pt) is a metal element with an atomic number of 78 which is found in alluvial deposits, or it is produced as a byproduct in the process of refining copper and nickel. Its melting and boiling points measure around 1770° C and 3825° C, respectively. It is a highly malleable metal element for fine art pieces and jewelry. It also possesses excellent ductility, which is used in making thin wires and strings that are used in making precious items.

Platinum is a silvery-whitish metal that is completely unreactive in nature and is a very precious transition metal that is extensively used in making decorative and jewelry items on a large scale. It belongs to costly metal groups, including gold, silver, and gems like diamonds.

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The key importing countries that import Platinum are the United States, India, and Germany. On the other hand, the key exporting countries for the same are India, Germany, and China.

Key Details About the Platinum Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Platinum price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Platinum Price Trend, including India Platinum price, USA Platinum price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Platinum Price Trend:

Platinum is one of the most expensive metal components that is extensively used in the jewelry manufacturing industry. Apart from that, the metal is also used in chemical preparation methods by the chemical industry. Platinum is used in the production of nitric acid and gasoline, as well as explosives.

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Additionally, the agrochemical industry utilizes Platinum to manufacture fertilizer ingredients and is also used as a catalyst to remove harmful emissions from automobiles on a large scale. Platinum is an excellent conductor of heat and electricity. It is used in manufacturing electric circuits that are used extensively in electronic machines and electronics, such as semiconductor crystals, sensors, switch contacts, magnetic disks, and more. Platinum possesses anti-cancer property, which is used by the medical industry in devices like stents, implants, pacemakers, catheters, etc. It is also utilized for making fine art or showpieces, including necklaces, rings, plates, vases, etc.

Key Players:

• Johnson Matthey
• Acros Organics
• Anglo American Platinum Ltd
• Sibanye-Stillwater
• Norilsk Nickel Mining and Metallurgical Company
• Russian Platinum

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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Company Name: Procurement Resource
Contact Person: Amanda Williams
Email: sales@procurementresource.com
Toll Free Number: USA & Canada - Phone no: +1 307 363 1045 | UK - Phone no: +44 7537 132103 | Asia-Pacific (APAC) - Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA

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Platinum Production Cost Analysis Report, Manufacturing Process, Raw Materials Requirements, Costs and Key Process Information, Provided by Procurement Resource

 The latest report titled “Platinum Production Cost” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Platinum.

Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.

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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Platinum production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.

Procurement Resource Assessment of Platinum Production Process:

1. Platinum Production Cost Via Extraction, Concentration, and Refining: This report presents the detailed production methodology and cost analysis of Platinum industrial production across Platinum manufacturing plants. The first step in this process is the breaking and crushing of the ore which is followed by froth flotation. After that, air bubbles are added into the liquid mixture. This raises the platinum metal on the surface which is taken off and dried into a powder. The impurities are then further removed by heating it, and iron and sulphur are then removed from this matte by blowing air into it. The final stage involves removing base metals like copper and nickel, treating the concentrate with aqua regia, and then filtering, purifying, and burning the ore to produce pure platinum.

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Product Definition:

Platinum is a highly precious and rare white-silvery metal. It belongs to the platinum family of metals and is recognised for possessing special properties. Due to its remarkable resistance to oxidation, tarnish, and corrosion, platinum is a durable substance.

It has a high melting point, outstanding catalytic properties, and excellent electrical conductivity. Due to its malleability and ductility, platinum may be easily moulded and fashioned into a variety of items and components.

It is one among the densest metals and has a very high density, which contributes to its substantial weight. Platinum is coveted for its beauty, rarity, and versatility in addition to its numerous uses in jewellery, electrical connections, catalytic converters, and other industrial processes.

Market Drivers:

Platinum is a pricey and rare metal that is used in a variety of industrial operations because of its unique properties. Platinum is frequently used in catalytic converters for vehicles to lower hazardous emissions. As a catalyst, it transforms dangerous gases like carbon monoxide, nitrogen oxides, and hydrocarbons into less hazardous ones.

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Second, platinum plays a crucial role in the chemical industry as a catalyst for numerous chemical reactions. It is used to create a range of organic compounds, fertilisers, and pharmaceuticals. Platinum is utilised in the electronics industry, specifically in the creation of hard drives, LCD panels, and electrical connections. Due to its excellent electrical conductivity, high melting point, and resistance to corrosion, it is the ideal material for a variety of applications.

Looking for an exhaustive and personalised report that could significantly substantiate your business?

Although Procurement Resource leaves no page unfurled in terms of the rigorous research for the commodities that make the heftiest base of your business, we incline more towards tailoring the reports per your specificities. All you need is one-to-one consulting with our seasoned consultants to comprehend the prime parameters you are looking to pin your research on.

Some of the common requests we receive from our clients include:

• Adapting the report to the country/region where you intend to establish your plant.
• Adjusting the manufacturing capacity of the plant according to your needs.
• Customizing machinery suppliers and costs to meet your requirements.
• Providing additional information to the existing scope based on your needs.

About Us:

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.

Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.

We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Amanda Williams
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA

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