Platinum is used in catalytic converters to transform toxic fumes from a car's engine into more benign gases, to produce high octane gasoline, plastics and synthetic rubbers, and to fight the spread of cancerous tumors. But it's not cheap, which you know if you have ever shopped for an engagement ring knows.
In a new study, researchers from Duke University's Pratt School of Engineering used computational methods to identify dozens of platinum-group alloys that were previously unknown to science but could prove beneficial in a wide range of applications. If one of the compounds identified in the new study is comparable in performance but easier on the wallet, it would be a boon to many industries worldwide as well as the environment.