So the price will go down !!! PMSL
I'm not sure if you have heard of Anglo American? Their analyst, exploration and mining activities suggest otherwise.
'Platinum’s diverse range of applications make it one of the most valued in demand materials in the world today'.
SIX UNEXPECTED USES OF PLATINUM
What do you immediately picture when you think of platinum or platinum group metals (PGMs)? Your mind may conjure up images such as expensive jewellery and watches, or, for the car lovers amongst us, a catalytic converter in an automobile. But there’s so much more to platinum group metals than this. Here we take a look at the uses for platinum that aren't as common as you might expect.
1. Platinum can help treat cancer
In certain chemical forms, platinum has the ability to slow or stop the division of living cells. Platinum-based drugs have been developed to treat a wide range of cancers.The first platinum based chemotherapy drug discovered by researchers was cisplatin, which forty years later continues to have applications in certain types of cancer. In that time, scientists have searched for ways to improve the anti-tumour efficacy of platinum based drugs, reducing the toxicity profile, and strengthening them against resistance.
2. It makes cars safer
Platinum-cured silicones are used to coat and protect automotive air bags from their explosive systems. Thanks to the platinum treatment, these air bags remain stable and can be kept folded and packed for long durations without deteriorating.Additionally, the air bags contain an initiator sensor, which uses a fine platinum wire coated with explosive material to facilitate release of the air bag.
3. Platinum improves personal hygiene
Platinum-cured silicone mixtures are used in a range of personal care products from lipsticks and shampoos to contact lenses.Additionally, the use of silicones in medical elastomers is one that is showing strong growth going forward. For wound healing they have excellent properties, in that they will stick to dry skin, while not sticking to and damaging the wet wound. Silicones are also air and moisture permeable which improves the healing process.
4. It helps you get from point A to B
Platinum acts as an effective and durable catalyst in hydrogen-powered fuel cell electric vehicles (FCEVs).All FCEVs use a type of fuel cell known as the Polymer Electrolyte Membrane (PEM). This low-temperature, quick-start cell runs off pure hydrogen and uses platinum and palladium at its heart, with the FCEV itself emitting only water from its tailpipe. Anglo American is a strong supporter of FCEVs and will continue to partner with industry and governments to secure the future of this clean, sustainable solution.
5. Platinum keeps you warm
When you think of any metallic substance, ‘warmth’ and ‘comfort’ are probably the last words that springs to mind. However, platinum catalysts are used to make petrochemical feed stocks, the basic raw materials for the manufacture of plastics, synthetic rubber and polyester fibres used to produce clothes and blankets.
6. Platinum provides power off the grid
Platinum-based fuel cells are proving to be more cost-effective, cleaner and more reliable than alternatives such as diesel generators. And it’s these fuel cells that are making a real difference across rural areas of South Africa, where two million households are without electricity, of which more than one million are in rural communities. Fuel cell mini-grid electrification technology is an attractive, cost-competitive alternative to grid electrification in these remote areas and could accelerate access to electricity. Electricity in homes and schools improves the quality of education, and the ability to pump water for irrigation facilitates farming and income generation.
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