Eli5: What makes metals (Gold, Silver, etc…) profitable? Isnt it just a piece of metal?
In: Economics
What makes them profitable is that companies can make more money selling them than they spend mining and processing them.
If your question is what makes them valuable, well it depends on the metal, different metals are valuable for different reasons. Some are just pretty or have become ingrained in society, and they become jewellery or other luxury items. They could just be popular for no particular reason at all. Some have practical uses in science and technology; they might be really strong and light and thus useful for military use (eg. armour) or in construction, they might be really good at conducting electricity or heat, or really good at resisting it, useful to resist corrosion or bacteria, all sorts of things.
If it costs more to produce it than it’s worth to the consumers, they’ll find an alternative and it won’t be mined anymore.
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