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The transition metal was discovered in 1844 by the scientist Karl Ernst Claus. He called the metal ruthenium after his birthplace of Russia. The Latin name for Russia is Ruthenia. The standout characteristic of this metal is that it is corrosion-resistant and oxidizes under extremely high temperatures. Ruthenium is used as an alloy for metals such as palladium and platinum because of its wear-resistance. Although it is possible to shape ruthenium into a solid piece of metal, it is usually traded as a powder. The trade in ruthenium is based on supply and demand in the same way precious metals such as gold and silver are traded. Due to its various technical applications ruthenium is an interesting metal to consider when looking to expand your metal portfolio.