precious metal
Quick Summary
Precious metals are rare and highly valuable elements, with gold, silver, and the platinum-group metals (PGMs) being the most common examples. These metals are also known as noble metals due to their exceptional resistance to oxidation, corrosion, and tarnishing, even at high temperatures or in moist environments. This inertness allows them to maintain their luster and often be found in a pure, elemental state.12
The platinum-group metals include ruthenium, rhodium, palladium, osmium, iridium, and platinum. While mercury, rhenium, and copper exhibit low chemical reactivity, they are not always strictly classified as noble metals.2
Historically, gold, silver, and copper were among the first metals discovered and utilized for their ornamental and practical value. Their durability, scarcity, and physical properties, such as luster and conductivity, contribute to their intrinsic value and their use in jewelry, coinage, electronics, and other applications.324
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