Not all that is worth is gold, so says the old saying. And this is the absolute truth, yellow metal is not the most sought after on the planet, as many believe. This is another that looks more like silver and is related to the environment. Do you know what is? Here's the answer to the mystery.
The metal that costs more than gold is palladium. Currently, this item is worth more every day on the world market, and by 2019 its price has increased by 40%, which is far from the limit. Today, its price already exceeds $ 1800 per ounce compared to $ 1500 per ounce of gold. It is estimated that by the end of 2019 its price will exceed $ 2,000, says Fire Weir.
We move on to the old Periodic Table that writes about palladium: This is a chemical element with atomic number 46 located in group 1
But what is its use and why is it related to the environment? Palladium is used in the production of exhaust catalysts for gasoline engines, and as larger countries pay more and more attention to the environment, demand for this metal continues to grow every day, says Ole Hansen, Head of
] "There can be no maximum price for palladium as such until we reach a level where it is more appropriate to use other metal, such as platinum, or while the slowdown in the global economy is driving demand for new cars," adds the exp
He never rusts
Its silver color and its scarcity cause palladium from ancient times to have been considered a precious metal, but what makes it so valuable beyond its appearance are its properties.
And this is that in contact with air it does not oxidize, it is soft and malleable, it is the metal of the group of less dense platinum and with the lowest melting point, and which is much more surprising , it is able to absorb huge amounts of molecular hydrogen (H2) at room temperature.
Exactly this last property is what largely makes it the ideal candidate to be used in vehicle catalytic converters, since it can absorb up to 900 times the molecular hydrogen up to its own volume.
It has a role in electronics
In consumer electronics it is also an element that is highly valued for its versatility. This industry has given it several uses, but one of its most relevant is its use, usually in silver alloy, in the electrodes of multilayer ceramic capacitors. A capacitor is an electrical component that is capable of storing potential energy in the form of an electric field.
Palladium is also commonly used, usually in a nickel alloy, to cover the contact areas between electrical components. Another application of this chemical element is welding panels, especially those used in jewelry, because of their strength, strength and durability.