|Prices + Charts + Real-Time||News||Show in currency|
|976.00 USD||-1.00 USD||-0.10 %|
|Trade Time||06:24 PM
|Daily Low||975.50||Daily High||976.50|
|52-week Low||812.00||52-week High||1,195.00|
|01/03/17||Platinum Equity Buys Marketing Businesses From Cox Enterprises (EN, The Wall Street Journal Deutschland)|
|12/30/16||Platinum Equity Buys Manufacturing Businesses From Broadway Industrial (EN, The Wall Street Journal Deutschland)|
|12/27/16||Platinum Partners, Implant Sciences Shareholders Heats Up (EN, The Wall Street Journal Deutschland)|
|12/23/16||Where Will Platinum, Palladium Prices Go In 2017? (EN, The Wall Street Journal Deutschland)|
|12/19/16||Platinum executives charged in $1bn investment fraud (EN, Financial Times)|
|12/09/16||Sibanye adds platinum to gold in Stillwater deal (EN, Financial Times)|
|11/29/16||Implant Sciences Holders Move Forward With Platinum Partners Investigation (EN, The Wall Street Journal Deutschland)|
|11/16/16||Implant Sciences Shareholders Call for Platinum Partners Investigation (EN, The Wall Street Journal Deutschland)|
|Date||Closing Price||Open||Daily High||Daily Low|
South Africa is the world’s most important producer of platinum. Pure platinum mines can only be found in South Africa. Apart from this, platinum is only obtained as a by-product during the mining of non-ferrous metals. Other producers of platinum are Canada and Russia.
Because of its chemical properties, platinum is used primarily as an industrial metal. Because of its high boiling point, its ductility and conductivity and its resistance to water, air and many acids, platinum is used primarily to manufacture automotive catalytic converters, in the chemical and electrical industry and in petroleum refineries. Besides the properties already mentioned, platinum in an alloy with iridium is very hard and able to withstand extreme temperatures. The valuable precious metal is also used for jewelry.
Like palladium, platinum was also discovered and used rather late. The chemist Wilhelm Carl Heraeus first succeeded in making platinum usable in 1856 by melting it.
The properties of platinum and palladium are very similar. Therefore, if platinum is in short supply or if the price is too high, it is expected that industry would turn to palladium as a substitute. Only in the jewelry industry, palladium has not been as successful as platinum and is not used as a substitute.
The most important trading venues for platinum are the New York Mercantile Exchange, the Tokyo Commodity Exchange and the London Bullion Market.