A precious metal is a rare, naturally occurring metallic chemical element of high economic value such as gold, silver, platinum, rhodium and palladium. The notion of precious metal is unstable according to the times, the civilizations and the supply and demand. A metal is considered to be precious if it is rare.
The best known precious metals are the metals used for coins, gold and silver. Although both have industrial uses, they are best known for their uses in art, jewelry and jewelry.
On the other hand, semi-precious metals are also used for less sought-after but rare elements such as copper.
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