Question

Because of less availability and greater demand for scientific research, platinum remains consistently expensive, like gold.

True or False?

Answer 1

True

Step-by-step explanation:

Platinum is a very expensive metal because it is very rare (much rarer than gold) and only 160 tons of platinum are mined per year (compared to 1,500 tons of gold).

Besides jewelry, platinum is being used to develop high capacity fuel cells. Platinum serves as catalyst in the fuel cells, but its expensive price has limited the commercial viability of the power cells.

Researchers are continuously developing new power technologies to replace petroleum products (gasoline and diesel), but their costs are currently prohibitive for most of its potential uses.