Platinum groups metals is a group of six essential and precious metals highly prized for their purity, high melting points and unique catalytic properties. In addition to their oxidation and reduction properties, they are also extremely resistant to corrosion. Their unique and enduring properties make PGMs suitable for a wide variety of industrial and commercial applications, not least of which include automotive catalytic converters, jewellery, investment, electrical and electronics, glass and medical necessities.
As PGMs are used in the manufacture of catalytic converters, they play a fundamental role in reducing global greenhouse gas and environmental emissions, particularly through the removal of noxious exhaust gases and hydrocarbons from automobile exhausts, and are therefore vital elements in the fight against climate change and global warming.
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Gold’s significance both culturally and economically has endured throughout history and continues today. Other than its cultural significance where it plays an important role in traditional ceremonies, gold has been used as a store of value, for trading and investment purposes, for jewellery and for various industrial purposes for the past 6,000 years. Demand for gold is as sustainable as are its characteristics.
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Lithium and lithium compounds are used widely, for example in the glass and ceramics industry as well as the medical industry. The battery industry became the most significant user of lithium during the 2010s. The demand for rechargeable batteries has grown significantly as various portable devices, such as smart phones, tablets, laptops, and wireless tools, have become common.
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