What is the most expensive mineral in the world and it is not exactly gold

Not all that glitters is gold, especially now that the value of the gold metal has plummeted, giving way to a new world of coveted minerals.

While the gold mineral remains attractive to jewelers and luxury enthusiasts, it is no longer the most sought after and therefore not the most expensive. That position has been taken by rhodium. A kilogram of gold rises today, according to the MoneyMetals portal $61,589.58while a kilo of rhodium on $135,033.14more than double the value.

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Rhodium has become more popular these days as it is not only useful in jewelry making but is also needed in the technology and automotive industries..

This metal is strategically important for clean and efficient technology to operate, as its use limits emissions of polluting gases such as nitrous oxide. According to an article published in The Conversation, 80% of the world’s annual rhodium production goes into the production of catalytic converters and catalytic converters for low-emission vehicles.

Norway has found a supply of minerals to make batteries, solar panels and fertilizers, which can last for 50 years

Likewise for the manufacture of unique thermal insulators such as refractory glass fibres.

However, Rhodium is not an easily obtained metal. In the geological structure forest fieldin South Africahe concentrates 90% of the world’s known rhodium resources And there are between 0.5-10 grams per ton of stone.

The same doesn’t happen in the rest of the world, as rhodium findings usually don’t exceed 0.001 grams per ton of rock, they explain. Jose Maria Gonzalez And Fernando Gervillethe authors of the article.

Rhodium is one of them six platinum group metals: platinum, palladium, rhodium, osmium, iridium and ruthenium, Therefore, they usually co-extract from masses of nickel and copper sulfides.

But because of the great value, This mineral is classified as “critical” by the International Energy Agency. It was included in the 2022 list, which groups 50 metals considered critical minerals by the United States government, in light of their role in national security or economic development.

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