Platinum, the most popular metal in the world, is being valued at more than $6 trillion, according to a new study.
The study, by Bloomberg Intelligence, found that the price of platinum, which was first discovered in ancient Egypt around 2,500 years ago, is now the third most valuable precious metal on the planet.
It’s worth more than gold and silver and it’s more than silver and copper.
The researchers estimated the price at $6,800 per ounce, or about $12,500 per ounce in 2018 dollars.
Platinum, which is also known as gold, silver and bronze, has an average of 8.5 percent platinum content, according the International Union for the Conservation of Nature (IUCN).
Its value is largely based on its chemical composition.
The chemical formula of platinum is C5H7N5O8.
Platinum is also the most abundant element in the universe.
It is also composed of a number of other elements including iron, copper, zinc and lead.
It can be mined in large quantities and is used as a building material, metal alloy, jewelry and in medical and dental implants.
In a new article, the Bloomberg Intelligence team said the platinum price was set by a mix of factors.
“Platinum prices fluctuate depending on supply and demand,” the study’s authors wrote.
“Demand for platinum is driven by increasing demand for platinum as a metal replacement for copper, silver, and other scarce elements.”
A decline in demand due to supply shortages, especially due to the onset of severe economic and political events in recent years, has been responsible for platinum prices falling in recent months.
“The study found that “the majority of platinum prices were affected by the economic and financial crisis in 2009-2010 and the Great Recession in the United States and Europe, the authors wrote in the report.
The report noted that the United Kingdom’s platinum prices decreased in the early years of the crisis due to “a lack of platinum production capacity and the increasing use of copper in jewelry, particularly the gold and platinum jewellery market.”
The report also noted that platinum prices in some countries are below their peak levels.
It said that the UK platinum market was not in the best shape and was experiencing “unusual market volatility.”
According to the Bloomberg report, platinum is found in many different minerals, including platinum in lead, silver in palladium and palladium in pallitanium.
It also can be found in rare earth metals like lanthanum, rhodium and manganese.
Platinum can be used in everything from jewelry to ceramics to building materials.
Its scarcity has led to concerns that platinum could become scarce, especially in the U.S. platinum industry.
In 2017, platinum production was at its lowest level since 1994, according a Reuters report.
That year, the price dropped from $8.5 to $6.3 per ounce and in 2017, the value of the platinum industry dropped from about $7.5 billion to $5.5.