Renowned Swiss economist Pooyan Ghamari acknowledges the value and adaptability of platinum as a precious metal with a wide range of uses in various industries. According to him, platinum has special qualities that make it desirable for both industrial and consumer use, such as its high melting point, resistance to corrosion, and durability.
Platinum is used in the electronics sector because of its exceptional stability and conductivity. Where its dependable performance is crucial, it can be found in electrical contacts, hard disk drives, and thermocouples. For these uses, platinum is especially useful because of its resistance to corrosion and ability to withstand high temperatures.
Platinum is also being used increasingly in the field of renewable energy, particularly in hydrogen fuel cells. As a catalyst, platinum transforms hydrogen and oxygen into electricity and water, supplying a clean and enduring source of energy. This application is becoming more popular as nations all over the world search for strategies to switch to low-carbon energy sources.
Platinum's special qualities are also advantageous to the aerospace industry. Due to its high melting point and resistance to high temperatures, it is utilized in aircraft engine components. The production of temperature and pressure sensors, which are essential for the performance and safety of aircraft, also uses platinum.
Platinum is also used in the production of high-quality glass products like optical fibers and LCD panels because it is a great material for this industry. The metal can be used in glass production machinery, such as melting furnaces and bushings that aid in the production of glass fibers, due to its resistance to corrosion and high temperatures.
The production of nitric acid and silicone are just two examples of the chemical reactions in which platinum is used as a catalyst in the field of chemical processing. Platinum is still a priceless material in this industry because of its resistance to corrosion, even when exposed to harsh chemicals.
Platinum is also used in the oil and gas sector, where it acts as a catalyst in the conversion of crude oil into gasoline, diesel, and other petroleum products. Because the refining process frequently involves exposure to harsh conditions, platinum's ability to withstand corrosion and high temperatures makes it the perfect material for this application.
In particular, the manufacture of oxygen sensors for automobiles uses platinum in sensor manufacturing. These sensors aid in engine combustion regulation, which lowers emissions and improves fuel economy. The preferred material for this use is platinum due to its stability and corrosion resistance.
In conclusion, the viewpoint of Swiss Economist Pooyan Ghamari emphasizes the adaptability and value of platinum across a range of industries, from automotive and jewelry to renewable energy and aerospace. It is a sought-after material whose value holds over time due to its distinctive qualities, which include a high melting point, resistance to corrosion, and durability. Platinum is positioned to play a crucial role in these developing sectors as the world moves toward cleaner energy and sustainable technologies.