World’s most rare metal
Most of us keep an eye on the price of gold and silver. They are used a lot in jewelry, investment or marriage. But there is also a metal that costs more than gold and silver. Its name is Rodium. Very few people must have heard its name, but we are using it and unknowingly. According to a news control news, the most expensive metal rhodium in the world is and its price is doubled from gold.
Where do you get Rodium?
Rhodium cannot be extracted directly from the ground like a common metal. It is found in very small amounts in the outer layer of the earth. It is mostly found mixed with other metals in platinum and nickel mines. It is very difficult and expensive to separate it from other metals and then clean it. This is the reason that every year a very small amount of rhodium in the world can be removed. Its demand is continuously increasing from above, but its availability is very low. This is why its price touchs the sky.
Where is it used?
The brightness, strength and non -rust of Rodium makes it even more special. Most of the use is in parts that reduce pollution in vehicles. Cattletic converters are used to clean the smoke that comes out of the car or bike engine. Apart from this, rhodium coating is also done to increase the glow of gold and silver jewelery. This makes the glow of jewelry durable and does not spoil quickly. This metal is also used in some electronic goods and scientific equipment, as it is very strong and durable.
How much is the price of rhodium?
The price of rhodium varies over time, but when its demand increases and the supply is low, its prices go up very much. Currently, its rate is running ₹ 22,306.86 per gram. While the price of 24k gold is around 11 thousand. In the year 2021, the price of Rodium reached around $ 29,000 an ounce at one time. If seen in Indian rupees, this price was close to about 25 lakh rupees an ounce. Now think, where gold sells 95-98 thousand rupees per 10 grams, while the price of rhodium is lakhs of rupees for one ounce (about 28 grams).
Rare metals are in danger
There are some metals in the world which are found in very small amounts. These are called rare metal. At this time, China extracts about 90% of the world’s rare metal, but experts say that these can also end with China in the next 15-20 years. According to a report, a metal named Indium may end in the next 10 years. Platinum is at risk of ending 15 years and silver in 20 years. However, experts believe that no metal will be completely finished, but meeting will be very difficult and expensive.
Precious metal should be extracted from old things
If we have to save these precious metals for the time to come, then recycling is the best way. Older mobiles, computers, TVs, vehicles and other machines contain small amounts of these metals. If they are used again, then the need for mining can be reduced to a great extent. Compared to opening new mines and extracting metal from the ground, it is also cheaper and safe for the environment.