How to buy and export Platinum from Zimbabwe
Platinum Zimbabwe: How to Buy, Export, and Learn More About Platinum
Platinum is a lustrous, malleable white metal with excellent corrosion resistance, and a high thermal and electrical conductivity. It has a density of 21.5 g/cm3, much higher than that of other metals like gold or copper. If you’re interested in learning more about platinum as an investment opportunity or as part of your business strategy, this article is for you. Here, we explore the market for platinum in Zimbabwe; the different types of platinum available; its demand and supply dynamics; where to buy it if you want to invest in it; how to export it from Zimbabwe if you own some; and how to find out more about investing in or exporting platinum from Zimbabwe if that’s something that interests you.
What is Platinum?
Platinum, also known as “white gold,” is a rare, naturally occurring transition metal used in a variety of industrial and commercial applications. It has a number of attractive properties, including corrosion resistance, high thermal and electrical conductivity, high resilience, and the ability to form hard, corrosion-resistant alloys with other metals. Platinum is an element that is found in the earth’s crust at a concentration of just 0.005%. It is rarer than gold or silver, and therefore, more expensive. Platinum is extracted from ore and recycled materials such as waste catalytic converters.
How is Platinum Mined?
The mining of platinum has a tradition that dates back over 3000 years, when people in Central and South America first began to melt and fuse the “white gold” into decorative items. The mining of platinum is carried out by first sinking shafts, followed by the digging of tunnels and underground passages to access the ore. The ore is then crushed and ground to a fine powder before being treated with chemicals to extract the platinum. The chemical treatment consists of mixing the ore with sodium cyanide, which forms compounds that dissolve the platinum metals.
Types of Platinum
– North American Platinum: This type of platinum is the most common form found in jewelry and decorative items. It is also the most widely traded form of the metal. North American Platinum is often mined in Canada and other parts of the Western Hemisphere. – South-African Platinum: This platinum is the second most common form of platinum and is often used in industrial settings. South-African Platinum is traded in London and New York. – Russian Platinum: This platinum type is used in areas that require a high degree of purity. – Japanese Platinum: Japanese Platinum is mined in Australia and used in the production of platinum- iridium electrodes used in petroleum refining and the production of ethylene. – Chinese Platinum: This type of platinum is generally used in industrial applications, such as in chemical processes. – Bulgarian Platinum: This platinum is generally used for jewelry, decorative items, and in dentistry. – Swiss Platinum: This platinum is the most pure form of platinum and is used in laboratories.
Demand and Supply of Platinum in Zimbabwe
The demand for platinum has increased in recent years, mainly due to a higher usage in the auto industry (because of stricter emission regulations). The market for platinum is also buoyed by high demand in the jewelry sector, which accounts for about 80% of platinum use. Platinum has also seen an increase in demand from emerging markets, mainly for industrial uses, such as in the chemical process industry. The supply of platinum is expected to decline in the coming years, mainly owing to the fact that a few key producing regions (South Africa, Australia, and Zimbabwe) are expected to see a decline in production, due to declining ore grades.
How to Buy, Export, and Learn More About Platinum
If you’re interested in buying platinum, you can start by looking for suppliers in Zimbabwe. You can export platinum from Zimbabwe if you own it here. If you want to know more about investing in or exporting platinum from Zimbabwe, there are several ways to do this. You can explore platinum exchanges in Zimbabwe, such as the Zimbabwe Stock Exchange or the Harare Securities Exchange (HSE). You can also visit the websites of platinum mining companies in Zimbabwe, such as Anglo American Platinum, Impala Platinum, and Shabanie Platinum. Alternatively, you can find a financial advisor who can help you make informed decisions about your investment strategy in platinum or other commodities. If you’re an importer or exporter of platinum in Zimbabwe, you can also check out the Zimbabwe Customs and Excise Authority website to find out more about importing and exporting regulations.