Platinum

A dense precious metal, platinum straddles jewelry, heavy industry and the hydrogen economy. Its biggest use is in catalytic converters, especially for diesel engines, where it scrubs exhaust much as its sister metal palladium does for gasoline cars, and the two often trade off against each other as automakers switch between them. Beyond exhaust, platinum goes into fine jewelry, industrial and chemical catalysts, and, increasingly talked about, the fuel cells that could power hydrogen vehicles, a source of demand that gives it a longer-term story palladium lacks. Supply is heavily concentrated in South Africa and Russia, which makes it vulnerable to mining disruptions and power shortages. Priced in dollars per troy ounce and traded in London and on NYMEX, platinum blends the character of a precious metal with that of an industrial one, so its price answers to auto production, jewelry demand and the slow build-out of hydrogen power.

On MyRWA, PLATINUM trades tokenized across 20 on-chain venues - see the listings below.