
Platinum Group Metals
#8367
Rank
$213.49M
Marketcap
Canada
Country

Mr. Frank R. Hallam B.B.A., C.A., CPA (Pres, CEO & Director)
Mr. Gregory Blair C.A., CPA (Chief Financial Officer)
Mr. Kresimir Begic (VP of Corp. Devel.)
Summary
History
Early uses
Archaeologists have discovered traces of platinum in the gold used in ancient Egyptian burials as early as 1200 BCE. For example, a small box from burial of Shepenupet II was found to be decorated with gold-platinum hieroglyphics. However, the extent of early Egyptians' knowledge of the metal is unclear. It is quite possible they did not recognize there was platinum in their gold.The metal was used by Native Americans near modern-day Esmeraldas, Ecuador to produce artifacts of a white gold-platinum alloy. Archeologists usually associate the tradition of platinum-working in South America with the La Tolita Culture , but precise dates and location is difficult, as most platinum artifacts from the area were bought secondhand through the antiquities trade rather than obtained by direct archeological excavation. To work the metal, they would combine gold and platinum powders by sintering. The resulting gold–platinum alloy would then be soft enough to shape with tools. The platinum used in such objects was not the pure element, but rather a naturally occurring mixture of the platinum group metals, with small amounts of palladium, rhodium, and iridium.
European discovery
The first European reference to platinum appears in 1557 in the writings of the Italian humanist Julius Caesar Scaliger as a description of an unknown noble metal found between Darién and Mexico, "which no fire nor any Spanish artifice has yet been able to liquefy". From their first encounters with platinum, the Spanish generally saw the metal as a kind of impurity in gold, and it was treated as such. It was often simply thrown away, and there was an official decree forbidding the adulteration of gold with platinum impurities.
In 1735, Antonio de Ulloa and Jorge Juan y Santacilia saw Native Americans mining platinum while the Spaniards were travelling through Colombia and Peru for eight years. Ulloa and Juan found mines with the whitish metal nuggets and took them home to Spain. Antonio de Ulloa returned to Spain and established the first mineralogy lab in Spain and was the first to systematically study platinum, which was in 1748. His historical account of the expedition included a description of platinum as being neither separable nor calcinable. Ulloa also anticipated the discovery of platinum mines. After publishing the report in 1748, Ulloa did not continue to investigate the new metal. In 1758, he was sent to superintend mercury mining operations in Huancavelica.In 1741, Charles Wood, a British metallurgist, found various samples of Colombian platinum in Jamaica, which he sent to William Brownrigg for further investigation.
In 1750, after studying the platinum sent to him by Wood, Brownrigg presented a detailed account of the metal to the Royal Society, stating that he had seen no mention of it in any previous accounts of known minerals. Brownrigg also made note of platinum's extremely high melting point and refractoriness toward borax. Other chemists across Europe soon began studying platinum, including Andreas Sigismund Marggraf, Torbern Bergman, Jöns Jakob Berzelius, William Lewis, and Pierre Macquer. In 1752, Henrik Scheffer published a detailed scientific description of the metal, which he referred to as "white gold", including an account of how he succeeded in fusing platinum ore with the aid of arsenic. Scheffer described platinum as being less pliable than gold, but with similar resistance to corrosion.
Means of malleability
Karl von Sickingen researched platinum extensively in 1772. He succeeded in making malleable platinum by alloying it with gold, dissolving the alloy in hot aqua regia, precipitating the platinum with ammonium chloride, igniting the ammonium chloroplatinate, and hammering the resulting finely divided platinum to make it cohere. Franz Karl Achard made the first platinum crucible in 1784. He worked with the platinum by fusing it with arsenic, then later volatilizing the arsenic.Because the other platinum-family members were not discovered yet , Scheffer and Sickingen made the false assumption that due to its hardness—which is slightly more than for pure iron—platinum would be a relatively non-pliable material, even brittle at times, when in fact its ductility and malleability are close to that of gold. Their assumptions could not be avoided because the platinum they experimented with was highly contaminated with minute amounts of platinum-family elements such as osmium and iridium, amongst others, which embrittled the platinum alloy. Alloying this impure platinum residue called "plyoxen" with gold was the only solution at the time to obtain a pliable compound, but nowadays, very pure platinum is available and extremely long wires can be drawn from pure platinum, very easily, due to its crystalline structure, which is similar to that of many soft metals.In 1786, Charles III of Spain provided a library and laboratory to Pierre-François Chabaneau to aid in his research of platinum. Chabaneau succeeded in removing various impurities from the ore, including gold, mercury, lead, copper, and iron. This led him to believe he was working with a single metal, but in truth the ore still contained the yet-undiscovered platinum-group metals. This led to inconsistent results in his experiments. At times, the platinum seemed malleable, but when it was alloyed with iridium, it would be much more brittle. Sometimes the metal was entirely incombustible, but when alloyed with osmium, it would volatilize. After several months, Chabaneau succeeded in producing 23 kilograms of pure, malleable platinum by hammering and compressing the sponge form while white-hot. Chabeneau realized the infusibility of platinum would lend value to objects made of it, and so started a business with Joaquín Cabezas producing platinum ingots and utensils. This started what is known as the "platinum age" in Spain.
Production
Platinum, along with the rest of the platinum-group metals, is obtained commercially as a by-product from nickel and copper mining and processing. During electrorefining of copper, noble metals such as silver, gold and the platinum-group metals as well as selenium and tellurium settle to the bottom of the cell as "anode mud", which forms the starting point for the extraction of the platinum-group metals.If pure platinum is found in placer deposits or other ores, it is isolated from them by various methods of subtracting impurities. Because platinum is significantly denser than many of its impurities, the lighter impurities can be removed by simply floating them away in a liquid. Platinum is paramagnetic, whereas nickel and iron are both ferromagnetic. These two impurities are thus removed by running an electromagnet over the mixture. Because platinum has a higher melting point than most other substances, many impurities can be burned or melted away without melting the platinum. Finally, platinum is resistant to hydrochloric and sulfuric acids, whereas other substances are readily attacked by them. Metal impurities can be removed by stirring the mixture in either of the two acids and recovering the remaining platinum.One suitable method for purification for the raw platinum, which contains platinum, gold, and the other platinum-group metals, is to process it with aqua regia, in which palladium, gold and platinum are dissolved, whereas osmium, iridium, ruthenium and rhodium stay unreacted. The gold is precipitated by the addition of iron chloride and after filtering off the gold, the platinum is precipitated as ammonium chloroplatinate by the addition of ammonium chloride. Ammonium chloroplatinate can be converted to platinum by heating. Unprecipitated hexachloroplatinate may be reduced with elemental zinc, and a similar method is suitable for small scale recovery of platinum from laboratory residues. Mining and refining platinum has environmental impacts.
Applications
Of the 218 tonnes of platinum sold in 2014, 98 tonnes were used for vehicle emissions control devices , 74.7 tonnes for jewelry , 20.0 tonnes for chemical production and petroleum refining , and 5.85 tonnes for electrical applications such as hard disk drives . The remaining 28.9 tonnes went to various other minor applications, such as medicine and biomedicine, glassmaking equipment, investment, electrodes, anticancer drugs, oxygen sensors, spark plugs and turbine engines.
Catalyst
The most common use of platinum is as a catalyst in chemical reactions, often as platinum black. It has been employed as a catalyst since the early 19th century, when platinum powder was used to catalyze the ignition of hydrogen. Its most important application is in automobiles as a catalytic converter, which allows the complete combustion of low concentrations of unburned hydrocarbons from the exhaust into carbon dioxide and water vapor. Platinum is also used in the petroleum industry as a catalyst in a number of separate processes, but especially in catalytic reforming of straight-run naphthas into higher-octane gasoline that becomes rich in aromatic compounds. PtO2, also known as Adams' catalyst, is used as a hydrogenation catalyst, specifically for vegetable oils. Platinum also strongly catalyzes the decomposition of hydrogen peroxide into water and oxygen and it is used in fuel cells as a catalyst for the reduction of oxygen.
Standard
From 1889 to 1960, the meter was defined as the length of a platinum-iridium alloy bar, known as the international prototype meter. The previous bar was made of platinum in 1799. Until May 2019, the kilogram was defined as the mass of the international prototype of the kilogram, a cylinder of the same platinum-iridium alloy made in 1879.The Standard Platinum Resistance Thermometer is one of the four types of thermometers used to define the International Temperature Scale of 1990 , the international calibration standard for temperature measurements. The resistance wire in the thermometer is made of pure platinum . In addition to laboratory uses, Platinum Resistance Thermometry also has many industrial applications, industrial standards include ASTM E1137 and IEC 60751.
The standard hydrogen electrode also uses a platinized platinum electrode due to its corrosion resistance, and other attributes.
As an investment
Platinum is a precious metal commodity; its bullion has the ISO currency code of XPT. Coins, bars, and ingots are traded or collected. Platinum finds use in jewellery, usually as a 90–95% alloy, due to its inertness. It is used for this purpose for its prestige and inherent bullion value. Jewellery trade publications advise jewellers to present minute surface scratches as a desirable feature in an attempt to enhance value of platinum products.In watchmaking, Vacheron Constantin, Patek Philippe, Rolex, Breitling, and other companies use platinum for producing their limited edition watch series. Watchmakers appreciate the unique properties of platinum, as it neither tarnishes nor wears out .During periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold, whereas during periods of economic uncertainty, the price of platinum tends to decrease due to reduced industrial demand, falling below the price of gold. Gold prices are more stable in slow economic times, as gold is considered a safe haven. Although gold is also used in industrial applications, especially in electronics due to its use as a conductor, its demand is not so driven by industrial uses. In the 18th century, platinum's rarity made King Louis XV of France declare it the only metal fit for a king.
Other uses
In the laboratory, platinum wire is used for electrodes; platinum pans and supports are used in thermogravimetric analysis because of the stringent requirements of chemical inertness upon heating to high temperatures . Platinum is used as an alloying agent for various metal products, including fine wires, noncorrosive laboratory containers, medical instruments, dental prostheses, electrical contacts, and thermocouples. Platinum-cobalt, an alloy of roughly three parts platinum and one part cobalt, is used to make relatively strong permanent magnets. Platinum-based anodes are used in ships, pipelines, and steel piers. Platinum drugs are used to treat a wide variety of cancers, including testicular and ovarian carcinomas, melanoma, small-cell and non-small-cell lung cancer, myelomas and lymphomas.
Symbol of prestige in marketing
Platinum's rarity as a metal has caused advertisers to associate it with exclusivity and wealth. "Platinum" debit and credit cards have greater privileges than "gold" cards. "Platinum awards" are the second highest possible, ranking above "gold", "silver" and "bronze", but below diamond. For example, in the United States, a musical album that has sold more than 1 million copies will be credited as "platinum", whereas an album that has sold more than 10 million copies will be certified as "diamond". Some products, such as blenders and vehicles, with a silvery-white color are identified as "platinum". Platinum is considered a precious metal, although its use is not as common as the use of gold or silver. The frame of the Crown of Queen Elizabeth The Queen Mother, manufactured for her coronation as Consort of King George VI, is made of platinum. It was the first British crown to be made of this particular metal.
Health problems
According to the Centers for Disease Control and Prevention, short-term exposure to platinum salts may cause irritation of the eyes, nose, and throat, and long-term exposure may cause both respiratory and skin allergies. The current OSHA standard is 2 micrograms per cubic meter of air averaged over an 8-hour work shift. The National Institute for Occupational Safety and Health has set a recommended exposure limit for platinum as 1 mg/m3 over an 8-hour workday.As platinum is a catalyst in the manufacture of the silicone rubber and gel components of several types of medical implants , the possibility that platinum could enter the body and cause adverse effects has merited study. The Food and Drug Administration and other institutions have reviewed the issue and found no evidence to suggest toxicity in vivo. Chemically unbounded platinum has been identified by the FDA as a "fake cancer 'cure'". The misunderstanding is created by healthcare workers who are using inappropriately the name of the metal as a slang term for platinum-based chemotherapy medications like cisplatin. They are platinum compounds, not the metal itself.
See also
References
Further reading
Young, Gordon . "The Miracle Metal—Platinum". National Geographic. Vol. 164, no. 5. pp. 686–706. ISSN 0027-9358. OCLC 643483454.
External links
Platinum at The Periodic Table of Videos
Nuclides and Isotopes Fourteenth Edition: Chart of the Nuclides, General Electric Company, 1989.
NIOSH Pocket Guide to Chemical Hazards – Platinum Centers for Disease Control and Prevention
"The PGM Database".
"A balanced historical account of the sequence of discoveries of platinum; illustrated".
"Johnson Matthey Technology Review: A free, quarterly journal of research exploring science and technology in industrial applications ".
"Platinum-Group Metals Statistics and Information". United States Geological Survey.
"International Platinum Group Metals Association"
Mission
Vision
Key Team
Mr. Gabriel de Wet (Head of Mine Engineering)
Mr. Carlos E. Agueero (Chief Exec. Officer of Metalico Inc and Pres of Metalico Inc)
Ms. Vilma Fernandez-Maldonado (Corp. Sec.)
Mr. Amjad J. Ali (Project Fin. Advisor & Member of Advisory Board)
Recognition and Awards
References
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Mr. Frank R. Hallam B.B.A., C.A., CPA (Pres, CEO & Director)
Mr. Gregory Blair C.A., CPA (Chief Financial Officer)
Mr. Kresimir Begic (VP of Corp. Devel.)
