Platinum is used in jewelry, wire, to make crucibles and vessels for laboratory work, electrical contacts, thermocouples, for coating items that must be exposed to high temperatures for long periods of time or must resist corrosion, and in dentistry. Platinum-cobalt alloys have interesting magnetic properties. Platinum absorbs large amounts of hydrogen at room temperature, yielding it at red heat. The metal is often used as a catalyst. Platinum wire will glow red-hot in the vapor of methanol, where is acts as a catalyst, converting it for formaldyhde. Hydrogen and oxygen will explode in the presence of platinum.