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Archive for the ‘Platinum News’ Category

China’s platinum jewelery market to boom in 2009

Platinum Guild International (PGI) expects the decline in platinum prices and the proactive domestic fiscal policies in the second half of last year to stimulate consumer spending on platinum jewelery in China in 2009, China Daily reported. PGI said that the fall in global platinum prices because of the diminishing industrial demand for the precious [...]

March 1, 2009  Tags: 2009, China, jewellery, Johnson Matthey, Platinum, platinum demand, platinum price  Posted in: Platinum News  No Comments

• About Platinum

  Platinum is a chemical element with a hardness of 4 - 4.5 and a boiling point of 1769ºC while those of gold are 2.5 and 1064ºC, respectively. Platinum possesses stable chemical properties and is known as the most tarnish-resistant of all precious metals. Earth deposits of platinum is much less than that of gold. Total deposits approximate 14,000 tons, only 5% of the supply of gold. Globally South Africa and Russia are the two main sources of platinum deposits. Annual platinum production is about 90 tons. Platinum possesses strong antioxidation properties and its application ranges widely in fields such as marine and military manufacturing, communication, chemical and auto industries.

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