2024-07-21 01:58:08
The impact of the economy on a nation is based on the performance of various activities, but none is as sustainable as that source minerals able to export thanks to the longest mountain range in the world. Today South America gives you numerous advantages on a geological level, and as a result, a certain country stands out in the world because of the great potential it shows through monetary reserves, for example, among other countries. Get to know it below, where it is located, why it represents global leadership, and more interesting facts about it.
WHICH SOUTH AMERICAN COUNTRY IS THE PRIMARY SOURCE OF MINERALS IN THE WORLD?
The IS mining which sustains a country’s economy, experts reveal, and therefore the global leadership represented by a particular country in which it is located is vital South America it hosts all the geological resources thanks to the presence of the the Andes mountains.
Even at the Latin American level, Peru Stands out for being one of the world leaders in the production and reserves of minerals such as copper, silver, molybdenum, gold and zinc, which they supply precisely to the territory today under the control of Dina Boluarte, “huge geological potential“.
In this way, the Government points through the Ministry of Energy and Mines (Miminem), also indicating that the country’s mining wealth contributed to “the availability of cadastral information… the offer of first class providers and the current legal framework that promotes private investment”, making it an attractive destination for leading international companies.
In that sense, and according to data sent by the president of the National Mining Conference (Conamin), Edgardo Orderique, towards the year 2024, the projection emphasizes that the contribution of those activities related to the exploration and exploitation of metals such as gold, silver, copper, lead and zinc, among others, will shift until 2024. 9.5% of the Gross domestic product (PBI).
“The Andes Mountains are the backbone of Peru and the main source of mineral deposits in the world”, Minem also emphasizes, stressing that the nation is therefore ahead of the world in “silver reserves and ranks among the first places in other coins and precious metals“.
THE METAL THAT HAS GREATER ECONOMIC VALUE THAN GOLD AND IS THE BEST SELLER
Throughout human history, metallurgy has existed as a branch that uses science, technology and art to obtain industrial metals and minerals, for subsequent use in the manufacture of kitchenware, and many other products that improvement in economic value. it is, but it is not gold that leads the ranking of the most expensive in the world today.
According to information published by the newspaper The newspaper and in support of specialized portals such as Technology y AMGhe born It stands out as one of the most popular and expensive chemical elements in the world due to characteristics that go hand in hand with its demand and value in the automotive sector.
Under the symbol Rh, this silvery white metal from the platinum family is basically used for the manufacture of catalysts, and it works actively in the catalytic reforming of hydrocarbons, among other characteristics that give it an economic weight even above the well-known gold.
HOW MUCH DOES RHODIUM COST AND WHAT CHARACTERISTICS DOES IT OFFER AS THE WORLD’S MOST PROSPECTIVE AND BACKWARD DRIVER OF METAL?
Its versatility for use in automobiles, airplanes, electrical contacts and thermocouples and also high temperature resistance cables, according to data shared by IFLSologyput rhodium in the first place in options, being 10 times more expensive than gold, and about the sum of 10,300 dollars per ounce, that is, almost 40 thousand coins.
The reasons that make it a precious and noble metal are its resistance to corrosion and oxidation, as well as its high melting point of 1,964 degrees, and its ability to withstand the temperature of water.
Similarly, and bearing in mind that it is part of the platinum group together with palladium, osmium, iridium and ruthenium, it is worth noting that, from 2020, “The price of rhodium has increased significantly due to its increasing demand and limited availability in the market“, as stated by AMG.
It should be noted that gold itself is a metal with a value of $1,850 per ounce, being among the 5 most expensive in the world along with palladium, ruthenium, platinum and iridium.
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