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The price depends on the structure of the market, and we will form the structure of the market.. Platinum and palladium prices rose following his comments. South Africa and Russia had signed only a framework accord, he said, with details yet to be decided.onde Maoto. SA and Russia plan âplatinum Opecâ in move to corner the global market. AN AMBITIOUS plan by South Africa and Russia to set up an Opec-style body to co-ordinate platinum exports has been described as a long shot that could harm the industry in the longer term.
Platinum is considered a precious metal, although its use is not as common as the use of gold or silver. The frame of the Crown of Queen Elizabeth the Queen Mother, manufactured for her coronation as Consort of King George VI, is made of platinum. It was the first British crown to be made of this particular metal.he least stable of these is 166 Pt with a half-life of 300 Âµs, whereas the most stable is 193 Pt with a half-life of 50 years. Most platinum isotopes decay by some combination of beta decay and alpha decay. 188 Pt, 191 Pt, and 193 Pt decay primarily by electron capture. 190 Pt and 198 Pt have double beta decay paths.