Question
Here is the question : WHAT IS THE MOST EXPENSIVE PRECIOUS METAL?
Option
Here is the option for the question :
- Palladium
- Platinum
- Gold
- Rhodium
The Answer:
And, the answer for the the question is :
Explanation:
In comparison, the price of an ounce of gold is currently close to $1,800, while the price of rhodium is close to $14,000. Rhodium is extremely uncommon since it is never discovered in its natural state; rather, it is produced as a by-product of the refining of platinum or nickel. Jewelers do not typically choose for rhodium as a material of choice due to the fact that it is both very hard and has a high melting point.
Rhodium is a rare and valuable metal that is widely recognized as the most expensive precious metal in the world. It is a member of the platinum group of metals and is known for its high reflectivity, durability, and resistance to corrosion.
Rhodium is primarily used in the production of catalytic converters, which are devices that reduce the emissions of harmful gases from vehicles. Rhodium is a critical component in catalytic converters because of its ability to convert harmful pollutants, such as nitrogen oxides, into less harmful gases.
The high demand for rhodium in the automotive industry has driven up its price in recent years. In fact, in early 2021, the price of rhodium reached an all-time high of over $29,000 per troy ounce, making it more expensive than both gold and platinum.
rhodium is also used in the production of jewelry and decorative objects. Its high reflectivity and durability make it a popular choice for white gold and platinum alloys, as well as for plating silver and other metals.
rhodium has some limitations. It is a relatively brittle metal, which makes it difficult to work with in some applications. It is also prone to tarnishing and discoloration, which can affect its appearance over time.
rhodium is widely recognized as the most expensive precious metal in the world. Its high cost is driven by its critical role in the production of catalytic converters, as well as its use in jewelry and decorative objects. While it has some limitations, rhodium’s unique properties and high value make it a valuable and important material in many industries.