Tokyo-based Tanaka Holding announced on November 18 that, through Tanaka Kikinzoku Kogyo, they have become the world’s first company to succeed in the development and formation of platinum-based metallic glass powder for use with Selective Laser Sintering (SLS) 3D Printers.
The discovery has the potential to revolutionize the materials used during the SLS process. The company also succeeded in developing platinum group metallic powder using nickel-based alloys with platinum and iridium additives, and even manufactured objects using these powders as a proof of concept.
With a 2.0% increase on Friday, November 21, Chinese platinum bar was the biggest mover on the Global Precious Metals MMI®. The price of Japanese platinum bar declined 0.1% to JPY 4,524 ($38.26) per gram, after two days of improvement. The price of US platinum bar remained steady at $1,204 per ounce.
At JPY 2,885 ($24.40), the price of Japanese palladium bar finished the market day up 0.9% per gram. The price of US palladium bar increased 0.8% to $767.00 per ounce. Chinese palladium bar gained 0.6% to finish at CNY 169.00 ($27.60) per gram.
US gold bullion prices rose 1.0% to $1,195 per ounce. Chinese gold bullion finished the day up 0.9% to CNY 235.15 ($38.41) per gram. At INR 26,946 ($435.22), the price of Indian gold bullion finished the market day up 0.6% per 10 grams. Japanese gold bullion saw its price rise 0.1% to JPY 4,507 ($38.11) per gram.
The price of Indian silver changed direction with a 0.9% drop. After two days of improving prices, the metal finished at INR 36,869 ($595.49) per kilogram. After a 0.4% increase, Chinese silver finished the day at CNY 3,480 ($568.43) per kilogram. Weakening prices followed two days of improvement as the price of US silver dropped 0.3% to $16.25 per ounce. Japanese silver prices inched up 0.2% to JPY 607.00 ($5.13) per 10 grams.