what is platinum and how much does the ore sale for

Dec 11, 2020 The price of Platinum can fluctuate based on market conditions, supply and demand, geopolitical events and more. When someone refers to the price of Platinum per ounce, they are referring to the spot price.The spot price of Platinum is always higher than the bid price (what dealers pay for Platinum per ounce) and always lower than the ask price (what you will pay a dealer for Platinum

  • Dec 11, 2020 The price of Platinum can fluctuate based on market conditions, supply and demand, geopolitical events and more. When someone refers to the price of Platinum per ounce, they are referring to the spot price.The spot price of Platinum is always higher than the bid price (what dealers pay for Platinum per ounce) and always lower than the ask price (what you will pay a dealer for Platinum

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  • Platinum is both malleable and ductile and can be extracted from ore that contains platinum group elements (PGM). (read more) These elements include iridium, osmium, palladium, platinum, rhodium

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  • Dec 11, 2020 what does the spread mean for the platinum price per ounce today? The spread is the price difference between the bid and the ask price. The platinum market is relatively small and can have a wider spread compared to gold and silver, which are much more liquid markets.

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  • The per ounce cost will generally go down as the amount of ounces purchased goes up. For example, a dealer currently has a 1 ounce platinum Valcambi bar selling for $1,533 and a 10 ounce varied brand platinum bar selling for $15,030. If you do the math, then

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  • Nov 06 2020 The price of Platinum can fluctuate based on market conditions supply and demand geopolitical events and more When someone refers to the price of Platinum per ounce they are referring to the spot spot price of Platinum is always higher than the bid price what dealers pay for Platinum per ounce and always lower than the ask price what you will pay a dealer for Platinum

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  • Aug 21, 2020 Extracting platinum from ore is both capital and labor-intensive. It can take up to 6 months and 7 to 12 tons of ore to produce one troy ounce (31.135g) of pure platinum. The first step in this process is to crush platinum containing ore and immerse it in the reagent containing water; a process known as 'froth flotation'.

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  • May 05, 2020 Platinum ore is an ore that yields platinum and small amounts of iridium. It is unobtainable by default. Obtaining. Platinum ore does not occur in the world by default, and thus cannot be legitimately obtained. However, it may be configured to generate in the world in modpacks. Platinum ore must be mined with a diamond pickaxe or better. If it

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  • The platinum is associated also with chromite, another mineral which occurs frequently in peridotite and serpentine. Other minerals found associated with platinum in alluvial deposits are iridium and osmiridium. The Ural placer deposits contain on the average about 5 dwt. of platinum per ton, but occasionally much richer deposits are found.

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