Iridium Production Cost Reports
Energy, Metals and Minerals
The report provides a detailed analysis essential for establishing an Iridium manufacturing plant. It encompasses all critical aspects necessary for Iridium production, including the cost of Iridium production, Iridium plant cost, Iridium production costs, and the overall Iridium manufacturing plant cost. Additionally, the study covers specific expenditures associated with setting up and operating an Iridium production plant. These encompass manufacturing processes, raw material requirements, utility requirements, infrastructure needs, machinery and technology requirements, manpower requirements, packaging requirements, transportation requirements, and more.
Iridium is a rare and dense metal used in alloys of platinum. It is also used in special alloys and in the formation of an alloy with osmium that has application in compass bearings and pen tips. It is also used for making a standard metre bar (a 90% platinum and 10% iridium alloy). Furthermore, owing to the metal's high melting point and low reactivity, it is used to make contacts in spark plugs. It is utilized in the chemical industry for coating electrodes in the chlor-alkali process and in catalysts. In the medical field, radioactive isotopes are used in radiation therapy to treat cancer. Also, it finds use in space vehicles and satellites. Other uses include its application in scientific and other special equipment and long-life aircraft engine parts made of its alloys.
The market for Iridium is driven by its properties, such as high melting point and corrosion resistance, which make it ideal for applications such as jet engine components and specialized coatings, which elevates its demand in the aerospace and automotive industries. Its role in green energy technologies, mainly in the production of hydrogen through electrolysis as well as in water-splitting electrolyzers for efficient hydrogen production, amplifies its market appeal. Its utilization in memory devices, display technologies, and precision instrumentation further boosts its market in the electronic industry.
Its usage to manufacture implants and surgical instruments fuels its demand in the pharmaceutical industry. Its function as a catalyst in various chemical reactions also contributes to its market growth. Industrial Iridium procurement is further influenced by its ability to sustain high temperatures, which the manufacturers utilize for the construction of crucibles, containers for melting and manipulating various industrial metals, and in the manufacturing of sapphire crystals.
Raw Material for Iridium Production
According to the Iridium manufacturing plant project report, the key raw materials used in the production of Iridium include hydrophobic ionic liquids.
Manufacturing Process of Iridium
The extensive Iridium production cost report consists of the following major industrial manufacturing process:
- Production from hydrophobic ionic liquids: The manufacturing process of Iridium occurs by using hydrophobic ionic liquids. The process starts with dissolving the extracted Iridium material into hydrochloric acid, followed by the addition of nitric acid and ammonium chloride, which reacts to obtain Iridium and platinum mixed ammonium salt. In the next step, hydrazine hydrate is added to remove platinum powder, rhodium, and iron impurity deposits, followed by hydrogen peroxide to remove hydrazine and ammonium sulfide for purification. Finally, nitric acid and ammonium chloride are added for oxidation to give pure ammonium hexachloroiridate crystals, followed by calcination and reduction using hydrogen gas to produce pure Iridium.
Iridium (Ir) is a chemical element and is a lesser-known member of the platinum metal groups with the atomic number 77 in the periodic table. Iridium appears to be a silverish-white solid transition metal that is rare, dense, corrosion-resistant, precious, hard, and brittle. It turns ductile upon being heated to a temperature in the range of 1,200°-1,500° C. It has an atomic weight of 192.217 u and a density of 22.56 g/cm³, which makes it the second-densest element.
It has a high modulus of rigidity and elasticity. It has respective melting and boiling points of 2450 °C and 4527 °C. It is not affected by air, water, or acids but gets attacked by molten salts like sodium chloride (NaCl) and sodium cyanide (NaCN). It is extremely flammable in its powder form but not in its solid form. It can lead to irritation in the eyes and digestive tract. It has low toxicity and, in powder form, is known as an irritant and as a fire hazard.
Iridium Production Cost Processes with Cost Analysis
Iridium Production Using Hydrophobic Ionic Liquids
The study offers a detailed cost analysis of Iridium Production Using Hydrophobic Ionic Liquids. In addition, the report incorporates the manufacturing process with detailed process and material flow, operating costs along with financial expenses and depreciation charges.
Details: Germany - based plant Q1 2025 From $ 2499.00 USD
Product Details
| Particulars | Details |
|---|---|
| Product Name | Iridium |
| Scope | Manufacturing Process: Process Flow, Material Flow, Material Balance Raw Material and Product Specifications: Raw Material Consumption, Product and Co-product Generation Land and Site Cost: Offsites/Civil Works, Equipment Cost, Auxiliary Equipment Costs, Contingency, Engineering and Consulting Charges, Working Capital Variable Cost: Raw Material, Utilities, Other Variable Costs Fixed Cost: Labor Requirements and Wages, Overhead Expenses, Maintenance Charges, Other Fixed Costs Financing Costs: Interest on Working Capital, Interest on Loans Other Costs: Depreciation Charges, General Sales and Admin Cost |
| Currency | US$ (Data can also be provided in the local currency) |
| Pricing and Purchase Options | Basic: US$ 2499 Premium: US$ 3499 Enterprise: US$ 4799 |
| Customization Scope | The report can be customized as per the requirement of the customer |
| Post-Sale Analysts Report | 10-12 weeks of post-purchase analyst support after report delivery for any queries from the deliverable |
| Delivery Format | PDF and Excel format through email (editable version in PPT/Word format of the report can be also provided on special request) |
How does our Iridium Production Cost Report Provide Exhaustive Data and Extensive Insights?
At Procurement Resource, we not only focus on optimizing the should cost of production for Iridium but also provide our clients with extensive intel and rigorous information on every aspect of the production process. By utilizing a comprehensive cost model, we help you break down expenses related to raw materials, labor, and technology, offering clear pathways to savings. We also assist in evaluating the capital expenditure (CAPEX) and operating expenses (OPEX), which are often measured as cost per unit of production, such as USD/MT, ensuring that your financial planning is aligned with industry benchmarks.
We offer valuable insights on the top technology providers, in-depth supplier database, and best manufacturers, helping you make informed decisions to improve efficiency. Additionally, we design the most feasible layout for your production needs, ensuring the entire process runs smoothly. By minimizing the cash cost of production, we ensure that you stay competitive while securing long-term profitability in the growing Iridium market. Partnering with Procurement Resource guarantees that every aspect of your production is cost-efficient, advanced, and tailored to your specific requirements.
Key Questions Answered in This Report
- What are the key requirements for setting up an Iridium manufacturing plant?
- How is Iridium manufactured?
- What is the process flow involved in producing Iridium?
- What are the raw material requirements and costs for producing Iridium?
- What is the total size of land required for setting up an Iridium manufacturing plant?
- What are the construction requirements for setting up an Iridium manufacturing plant?
- What are the machinery requirements for producing Iridium?
- What are the utility requirements and costs for producing Iridium?
- What are the manpower requirements for producing Iridium?
- What are the average salaries/wages of manpower working in an Iridium manufacturing plant?
- What are the packaging requirements and associated costs for Iridium?
- What are the transportation requirements and associated costs for Iridium?
- What are the capital costs for setting up an Iridium manufacturing plant?
- What are the operating costs for setting up an Iridium manufacturing plant?
- What should be the price of Iridium?
- What will be the income and expenditures for an Iridium manufacturing plant?
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