Expensive Metals on Earth: Ever wondered about the precious metals found on earth other than gold and silver? We bring you the list of top 10 expensive metals in the world.
1. Rhodium
It is denoted by the symbol Rh. Rhodium is the rarest and expensive metal in the world. It also comes under the category of noble metals and is a member of the platinum group of metals. This metal is mainly found in South Africa, Russia. Every year almost 30 tons of Rhodium is produced in the world.
Price: $350,000 per KG
Uses the Automobile industry, Glass industry, torch lights, jewelry finishing.
2. Gold
Gold is denoted by the symbol Au. It is regarded as the second most expensive metal because of its high malleable and ductile properties. This metal is of reddish-yellow color.
Price: $42000 per KG : Uses: used in making Jewelry, like money or indirect deposits, Electronics, Medicines, and Cuisine.
3. Platinum
It is denoted by the symbol Pt. Platinum is regarded as the most nonreactive and expensive metal. The top producers of platinum are South Africa, Russia, and some large deposits that are also available in India.
Price: $25,870 per KG Uses: Catalyst, Dental prostheses, in electric industry and Jewelry.
4. Ruthenium
Ruthenium is donated with the symbol of Ru. It belongs to the category of platinum group and is the rarest transition and expensive metal found on earth. Each year roughly 12 tonnes are mined throughout the world.
Price:$ 3,196 per KG Uses: Catalysis, Solar cells
5. Iridium
Iridium is denoted with the symbol of Ir. It is also a member of the platinum group of metals. It is a highly corrosion-resistant element. This important and expensive metal was found in 1803. The main producers of this metal are South Africa, Russia, Canada. Price: $35,506 per KG Uses: Medicine, Electronic and Automobile industry
6. Palladium
Palladium is denoted by the symbol Pd. It is a silvery-white metal. It can be found in Australia, the Ural Mountains, etc. This expensive metal has a very low melting point.
Price:$28,475 per KG
Uses: used in medical, jewelry, dentistry, etc.
7. Rhenium
It is denoted by the symbol of Re. It is silvery-grey in color and heavy transitive metal. Rhenium is also regarded as one of the dense and expensive metals known. This metal is found in Chile, Germany, and the United Kingdom.
Price: $10,000,000 per KG
Uses: Used in making devices that control the temperature such as a thermostat.
8. Osmium
Osmium is denoted by the symbol Os. During the process of extraction of platinum metal from its ore, Osmium is obtained. This metal is found in the riverbed sands of Urals, South America, and North America.
Price: $13,000 per KG
Uses: This expensive metal is used to make instrument pivots, phonograph needles, electrical contacts and the nip of the fountain pen.
9. Silver
Silver is denoted by the symbol Ag. It is highly malleable and ductile. The most noteworthy attribute of this metal is one of the best reflectors. Silver, the expensive metal is found in China, Australia, Peru, Serbia, Mexico, and Chile.
Price:$477.17 per KG
Uses: used in making jewelry, utensils, dental equipment.
10. Plutonium
Plutonium is denoted by the symbol Pu. This expensive metal when exposed to air, it reacts to form oxides and hydrides. It is found in the nuclear deposits of Gabon, Africa.
Price: $5 Million per kg
Uses: Mostly used as a fuel in nuclear plants.