What is the chemical symbol for platinum?
The chemical symbol for platinum is Pt. The metal takes its name from the Spanish
word for silver -
platina
. This is due to their aesthetic similarities and the fact that it
was named by the Spanish upon finding it in what is now Colombia.
Like gold, platinum - chemical symbol Pt - is a soft, dense metal with a strong resistance
to corrosion and rusting. It is the titular element of the
platinum group metals
. This ability
to maintain its condition combines with a natural beauty and extreme scarcity to make
platinum a highly valuable and sought-after commodity, as both jewellery and as an
investment in the form of
platinum bars
and
platinum coins
.
Platinum’s chemical composition means that it is an excellent conductor and it is therefore
used in a variety of electronic appliances. Its biggest use, however, is in catalytic convertors
to reduce emissions in the motor industry. This range of applications means that the platinum
price tends to be much more volatile than gold, for which the majority of demand comes from
either the jewellery or investment industries.
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