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Rhodium is a precious, rare metal. Its price is nearly double that of gold and it is mined from fewer locations. It is found primarily in Russia, South Africa, and Canada, and its corrosion resistance makes it valuable. It also imparts a lustrous appearance, so it is utilized in jewelry finishes. Rhodium is the world's most expensive precious metal. It is approximately $44 per gram.

Jewelry, photography, circuitry, dentistry, and electronics all utilize silver. Additionally, it aids in odor control and mold prevention in treated wood. Silver has been used as a currency and wealth store for thousands of years. It is available in coins, bullion bars, and jewelry.

Platinum is the second-rarest precious metal. It is silvery, durable, and highly reflective. It is utilized in luxury jewelry and is highly corrosion-resistant. Platinum is most frequently extracted from nickel deposits in South Africa. It is also utilized in reflective surfaces and jewelry finishing.

It is not uncommon in the modern world, but it remains the most valuable and coveted metal. It has numerous advantages over other metals and has been utilized for significant purposes throughout history. The United States, China, and South Africa are the world's largest gold producers. The fourth rarest and fourth most expensive precious metal is ruthenium.

The crust of the earth also contains rhenium, a second rare metal. It has the densest metal and the third-highest melting point. It is also utilized in superalloys to increase their temperature resistance. In addition to its application in jewelry, rhenium is utilized in high-temperature turbine engines, electrical contact materials, and thermocouples. Currently, it costs $1290 per Troy ounce.

Ruthenium is a member of the platinum group of metals. It was discovered in 1844 by Karl Ernst Claus. It was named after Russia, where Santa Claus was born. It is a brutal metal with a high melting point. In addition to its use in jewelry, it is also utilized in electronics and medicine. It is also used extensively in coins.

Platinum is one of the most valuable precious metals and has been utilized for centuries. It has a high melting point and incredible corrosion resistance. Canada, South Africa, and Russia produce it. It is valuable in the automotive industry and various other industrial fields. Typically, platinum jewelry is 90-95% pure.

Platinum is a precious metal that is scarcer than palladium. This increases its value because it is used in industrial applications, such as vehicle catalytic converters. The automotive industry extensively uses palladium, but its industrial use has also affected its value.

Rhodium is a silver-white, highly reflective, and corrosion-resistant metal. It is one of the world's rarest precious metals and is more valuable than gold and silver. Its name is derived from the Greek word for rose, the photon. This rare metal has numerous industrial applications, such as computer components, optical fibers, and automobile catalytic converters.

The price of rhodium has increased over the past month. This is because the use of rhodium in automobile exhaust systems is increasing demand, leading some analysts to dub it the "hottest trade of the decade." As of 2018, there is no rhodium mining in the world, but the automobile industry is a significant consumer.

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