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New World’s Most Expensive Material Costs $150 Million per Gram

Platinum, gold, silver, and diamonds are going to seem dirt cheap when you hear how much this new man-made carbon-based material costs – an eye-watering £100 million ($150 million) per gram!

Created last year by British scientists in an Oxford University lab, ‘endohedral fullerene’ is a cage of carbon atoms containing nitrogen atoms. Carbon atoms exist in many forms like diamond and graphene, distinguished by the number of atoms they contain. This fullerene, with 60 carbon atoms, is also called Buckminsterfullerene or ‘bucky-ball’ because of its unusual shape.

It has several important applications apparently – it’s being used to create a small, portable atomic clock that will be the most accurate time-keeping system in the world. It could also help make GPS navigation more accurate to 1mm in self-driving cars.

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