Not gold or platinum or diamond, world's most expensive metal is..., it is extremely valuable because...
The price of rhodium has been skyrocketing in recent years, which was around Rs 12,416 per gram in 2024. It is used in catalyst converters in the automobile industry and to shine white gold in jewellery. Its rarity and increasing demand make it the most expensive metal. Where is this metal mined?
It is mainly mined in South Africa and Russia. Rhodium is a radioactive metal that is naturally found in much smaller quantities than uranium ore. Extracting and refining it is a very complex and dangerous process. The scarcity of this metal on earth makes it very valuable and you cannot buy it easily. What are its uses?
It is used in self-luminous paints, aircraft switches, clock dials, nuclear panels, toothpaste, hair creams etc. In the 19th century, it was used in the medical field because it emits gamma rays, which makes it effective in the treatment of fatal diseases like cancer. Today, it is produced very little, because its uses are limited and its radioactive properties are dangerous for health due to which its use in paints, clothes, medicines was stopped.
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