Product
Iridium Price Trend and Forecast
Iridium Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Iridium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
Being the rarest stable metal in the Earth’s crust, Iridium prices are volatile and fluctuate depending on changes in production, demand, sourcing, trade congestion, etc. With the current economic and political situations, the iridium prices surged globally owing to inflationary pricing.
The Iridium prices averaged 4000 USD/troy oz in January and peaked around March, averaging 5100 USD/troy oz. However, the prices stabilized during the second quarter as the precious cargoes from South Africa arrived (supplies 80% of the world’s Iridium) owing to the relaxation of trade bottlenecks.
The Iridium prices averaged 4850 USD/troy oz towards the end of the second quarter. The price trends of Iridium remained anchored in the global market, recording an average price of 4630.08 during the first half of the said year.
Procurement Resource provides latest prices of Iridium. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Iridium is a chemical element with the atomic number 77. It is a hard, brittle, silvery-white transition metal of the platinum group. Iridium is known to be the second-densest metal after osmium. It is one of the most corrosion-resistant metals, even at temperatures of 2000 °C.
Product Details
| Report Features | Details |
| Product Name | Iridium |
| Industrial Uses | Cosmetics, Crystals, Industrial appliances, Medical appliances, Coating for non-conductive materials |
| Chemical Formula | Ir |
| Synonyms | 7439-88-5, Iridium black, Iridium Ion |
| Molecular Weight | 192.22 g/mol |
| Supplier Database | Umicore N.V, BASF SE, Russian Platinum, Anglo American Platinum Limited, Johnson Matthey |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Process
- Production of Iridium via extraction as by-product
Iridium is removed from the other platinum group metals by precipitating ammonium hexachloroiridate or by extracting IrCl2−6 with organic amines.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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