![]() That makes it more than three times more expensive than gold. What is the growth forecast for iridium market Answer: The global iridium market is expected to grow. Iridium, which is also used in spark plugs, has climbed to $6,000 an ounce, according to Johnson Matthey Plc data. Answer: The global iridium market is expected to reach an estimated 2.0 billion by 2028. Platinum supply is forecast to fall short of demand in 2023, according to Johnson Matthey’s latest PGM Market Report, a leading report in the field.The report, published today at the start of the annual London Platinum & Palladium Market (LPPM) platinum week, highlights that demand for platinum is forecast to rise by nearly 20 in 2023, with investment returning to positive territory after. ![]() “The only near-term solution is higher prices to get people to sell their existing holdings.” “The lead time on the supply side is too long to increase supply in a timely fashion,” said Jay Tatum, a portfolio manager at Valent Asset Management. Iridium isn’t traded on a bourse or through exchange-traded funds, retail buyers are limited to ingots from a handful of dealers and the few major investors dealing in it go straight to producers. Learn more about the specifications for each price and view the trend of volatility by expanding each price (click More), or click through to the price landing page for a view of the tools available to subscribers. ![]() Betting on it is difficult too, as demand is dominated by industrial users. Argus price assessments cover the most active trading regions for each commodity. Nickel opened 2023 at US31,238.53 on January 2, riding on the back of momentum that started in Q4 2022, and flirted with the US31,000 mark again on January 30. With a market much smaller than its more famous sister metals, production issues can have a big impact on prices. It has rallied on supply disruptions in the past year and rising demand for use in electronic screens, refiner Heraeus Group said. This area has 3-4 iridium, compared to 1 for the Marensky Reef, so there. Iridium, one of the rarest precious metals and mined as a byproduct of platinum and palladium, has surged 131% since the start of January, far beating Bitcoin’s 85% gain. 1,120.00 Rhodium 4,425.00 Iridium 5,000.00 Ruthenium 450. The global reserves of platinum-group metals (PGMs including ruthenium, rhodium, palladium, osmium, iridium, and platinum) presented no significant variations in the last decade, with a slight. OTOH, the prices of rhodium and palladium is probably going to lead to mines being reopened or expanded in the UG2 Reef. Iridium Price Trend Analysis, Historical Chart and Forecast WebPrecious Metals Management Prices Iridium Silver Gold Platinum Palladium Rhodium Iridium.
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