Diverse Uses Of Platinum

SWOT Strength: Diverse Uses Of Platinum
Diverse uses of platinum make it a highly valuable precious metal. Platinum is used in electronics, jewelry, medical drugs including anti cancer drugs, oxygen sensors, and electrodes. Most importantly, more than half of the platinum sold in 2006 was used in automotive emissions control devices. With most global economies going “green,” the use and demand for such devices in automobiles around the world is likely to increase and hence place a higher demand on platinum. Platinum is also used in “recession” proof products such as high-end watches and jewelry.