Platinum: Rarity, Applications, and India's Import Restrictions
Platinum: Rarity, Applications, and India's Import Restrictions Introduction Platinum (Pt) is one of the rarest and most valuable metals on Earth. Known for its superior resistance to corrosion, high melting point, and exceptional catalytic properties, platinum plays a critical role in various industries, from automotive and electronics to jewelry and medicine. Recently, India imposed import restrictions on platinum alloys to curb the misuse of trade agreements, a move that has sparked discussions in the global trade community. This blog delves into the significance of platinum, its applications, and the implications of India’s new import restrictions. Properties of Platinum Platinum is a transition metal with the atomic number 78 and a dense, malleable structure. Some of its key properties include: Rarity: Platinum is much rarer than both gold and silver, making it highly valuable. Corrosion Resistance: It does not tarnish or oxidize, even at high temperatures. High Melting ...