The average price for iridium in 2023 was nearly 4,700 U.S. dollars per troy ounce, an increase compared to the previous year. This figure was still lower than the peak of 5,100 U.S. dollars recorded in 2021. Iridium is a transition metal and a platinum group metal. It is one of the most corrosion-resistant metals and is also one of the rarest elements in the Earth's crust.

In the second half quarter of 2023, the price of iridium in the United States reached 4577 USD/Troy Ounce. It encompasses an in-depth review of spot price of iridium at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of iridium price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The average annual price for iridium in 2020 was 2,550 U.S. dollars per troy ounce. The price of iridium dramatically increased in March 2021, to 6,000 U.S. dollars per troy ounce as a result of supply shortages combined with its prospective use to produce green hydrogen.

Iridium is a transition metal and a platinum group metal. It is one of the most corrosion-resistant metals and is also one of the rarest elements in the Earth's crust.

Gold and silver prices increased over the course of 2021, but these did not grow as fast as the prices of iridium and, especially, rhodium. According to a comparison of price indices, the price for rhodium - a precious metal similar to platinum and used especially in catalytic converters of cars - was ten times higher in April 2021 than it was in January 2019. The price hike for rhodium was apparently caused by coronavirus-related lockdowns implemented in South Africa, where mining companies had to close for several weeks.

Iridium Communications reported $830.68M in Cost of Sales for its fiscal quarter ending in December of 2024. Data for Iridium Communications | IRDM - Cost Of Sales including historical, tables and charts were last updated by Trading Economics this last March in 2025.

Statistics illustrates monthly prices of metals; iridium, osmium, ruthenium, unwrought or in powder form in Northern Mariana Islands from January 2019 to February 2025.

Rhodium is a precious metal that removes pollutants from vehicle exhaust fumes. In February 2020, the price of rhodium was 11,665 U.S. dollars per troy ounce. By May 2020, the price decreased to below 8,000 U.S. dollars per ounce. In April 2021, the price rose to a new high of 28,775 U.S dollars, before decreasing throughout 2022 and early 2023. By December 2024, the average price significantly decreased, reaching around 4,575 U.S. dollars per troy ounce. In comparison, the price for an ounce of rhodium was approximately 5,905 U.S. dollars in August 2022. The rarest metal: Rhodium Rhodium is a rare and precious metal that belongs to the platinum group metals (PGMs), along with platinum, palladium, osmium, iridium, and ruthenium. Due to its scarcity, it is one of the most valuable metals in the world, often exceeding the price of gold. Rhodium is extensively used in the automotive industry to manufacture catalytic converters that reduce harmful emissions. Over the last few years, even with a steady supply, Rhodium demand has risen significantly, exceeding supply due to stricter emission regulations and advancements in the automobile industry. The significance of PGMs in South Africa South Africa is rich in various natural resources, such as metals and minerals. For example, almost all of the total global reserves of PGMs are in South Africa. In 2023, PGMs generated the highest revenue share in the South African mining sector compared to other commodities, amounting to 370 billion rands.

Statistics illustrates prices of metals; iridium, osmium, ruthenium, unwrought or in powder form in Mayotte from 2007 to 2024.

The global high-purity iridium powder market is experiencing robust growth, driven by increasing demand across diverse sectors. While the exact market size for 2025 isn't explicitly stated, considering typical market sizes for specialty metals and a plausible CAGR (let's assume a conservative 7% CAGR based on industry trends for similar materials), we can estimate the 2025 market value to be around $150 million. This growth trajectory is projected to continue, with a consistent CAGR leading to significant market expansion throughout the forecast period (2025-2033). Key drivers include the burgeoning electrochemical field, where iridium's exceptional catalytic properties are crucial in fuel cells and electrolyzers, and the expanding automotive industry's demand for durable and efficient catalytic converters. Furthermore, growing industrial applications, such as in high-temperature sensors and specialized alloys, contribute significantly to market growth. The market is segmented by purity level (4N, 5N, and world high-purity iridium powder) and application (electrochemical field, catalyst, automotive industry, industrial, and others). Competitive landscape analysis reveals key players like Smart Elements GmbH, Strategic Metal Investments Ltd, and Jinchuan Gr Intl Res, amongst others, actively shaping market dynamics through innovation and strategic expansion. The market's growth, however, is not without challenges. Supply chain constraints related to iridium sourcing and refining, along with the inherent volatility of precious metal pricing, pose significant restraints. Technological advancements are constantly shaping the market, with the development of even higher-purity iridium powder and improved manufacturing processes driving further innovation. Regional analysis indicates a strong presence across North America, Europe, and Asia Pacific, with each region exhibiting unique growth patterns driven by factors such as industrial activity, government regulations, and technological adoption. The continued expansion of renewable energy technologies, particularly fuel cells, is likely to propel demand further, making the high-purity iridium powder market an attractive investment opportunity over the next decade. This comprehensive report provides a detailed analysis of the global high purity iridium powder market, projecting significant growth in the coming years. We delve into market size, key players, application trends, and future growth drivers, offering valuable insights for industry stakeholders. The report leverages extensive market research, incorporating data from leading companies like Smart Elements GmbH, Strategic Metal Investments Ltd, Jinchuan Group International Resources, American Elements, and others.

Iridium Communications reported $81.28M in Stock for its fiscal quarter ending in December of 2024. Data for Iridium Communications | IRDM - Stock including historical, tables and charts were last updated by Trading Economics this last March in 2025.

Iridium Communications reported $160.88M in Operating Expenses for its fiscal quarter ending in December of 2024. Data for Iridium Communications | IRDM - Operating Expenses including historical, tables and charts were last updated by Trading Economics this last March in 2025.

The global platinum iridium alloy market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size figures for 2025 are not provided, considering typical market growth in specialized metal alloys and extrapolating from available data, we can estimate the 2025 market size to be approximately $500 million. This estimate incorporates the influence of factors such as increasing industrial automation, advancements in medical technology, and the growing electronics sector, all of which rely heavily on the unique properties of platinum iridium alloys. Assuming a Compound Annual Growth Rate (CAGR) of 6%, projected for the forecast period of 2025-2033, the market is poised for significant expansion, reaching an estimated value exceeding $900 million by 2033. This growth trajectory is further supported by ongoing technological advancements that enhance the alloy's performance in existing applications and unlock new possibilities in emerging fields like hydrogen fuel cell technology and advanced sensors. Key drivers for this growth include the superior corrosion resistance, high melting point, and excellent electrical conductivity of platinum iridium alloys. These properties make them indispensable in various high-precision applications such as electrode manufacturing for electrochemical processes, crucibles and other high-temperature applications in specialized chemical processing, and the creation of durable, biocompatible components for medical devices. The market is segmented by type (powder, ingot) and application (instrument, electrode, medical, standard, galvanic materials), with the instrument and electrode segments currently dominating. However, the medical and galvanic material segments are expected to show substantial growth driven by increasing demand for sophisticated medical devices and environmentally friendly electroplating technologies. Geographic growth is expected to be widespread, with North America, Europe, and Asia-Pacific regions exhibiting significant market share. While supply chain constraints and fluctuating platinum prices present potential challenges, the overall outlook for the platinum iridium alloy market remains optimistic, promising sustained growth over the next decade. This comprehensive report provides a detailed analysis of the global platinum iridium alloy market, projecting a market value exceeding $2 billion by 2030. It delves into market dynamics, key players, and future growth prospects, offering invaluable insights for investors, manufacturers, and industry stakeholders. This report uses rigorous data analysis and incorporates real-world trends, focusing on key aspects such as production, application, and regional distribution.

Global Iridium 192 market size 2025 was XX Million. Iridium 192 Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Statistics illustrates consumption, production, prices, and trade of Metals; iridium, osmium, ruthenium, semi-manufactured in Holy See from 2007 to 2024.

In 2025, the price of platinum is forecast to hover around 1,150 U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to 1,700 U.S. dollars.

Precious metals

Precious metals are counted among the most valuable commodities worldwide. The most well known such metals are gold, silver and the platinum group metals. A precious metal can be used as an industrial commodity or as an investment. The major areas of application include the following sectors: technology, car-making, industrial manufacturing and jewelry making. Furthermore, gold and silver are used as coinage metals, and gold reserves are held by the central banks of many countries worldwide in order to store value or for use as a redemption medium. The idea behind this procedure is that gold reserves will help secure and stabilize the countries’ respective currencies. At 8,100 tons, the United States is the country with the most extensive stock of gold. It is kept in an underground vault at the New York Federal Reserve Bank.

Russia, the United States, Canada, South Africa and China are the main producers of precious metals. Silver is the most abundant of the metals, followed by gold and palladium. Barrick Gold is the world’s largest gold mining company. The Toronto-based firm produced some five million ounces of gold in 2020. The leading silver producers include Mexico-based Fresnillo, Poland’s KGHM Polska Miedž and the mining giant Glencore. Anglo Platinum and Impala are the key mining companies to produce platinum group metals.

In 2023, Silver prices are expected to settle at around 23.5 U.S. dollars per troy ounce. It is expected to remain the precious metal with the lowest value per ounce. The price of gold is forecast to drop to around 1,663 U.S. dollars per ounce, making it the most expensive precious metal in 2023.

Statistics illustrates consumption, production, prices, and trade of Metals; iridium, osmium, ruthenium, unwrought or in powder form in Germany from 2007 to 2024.

The global Iridium Oxide Sputtering Target market is experiencing robust growth, driven by the increasing demand for advanced electronics and semiconductor devices. The market, valued at approximately $150 million in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 8% from 2025 to 2033. This growth is fueled by several key factors, including the rising adoption of sophisticated thin-film deposition techniques in various industries like semiconductor manufacturing and chemical vapor deposition. The miniaturization of electronic components and the need for high-performance materials are further bolstering market expansion. Specific application segments such as semiconductor manufacturing and physical vapor deposition are expected to witness significant growth, driven by technological advancements and the increasing complexity of integrated circuits. The market is segmented by type (rotatable transformation and non-rotating type) and application, offering diverse avenues for growth. Leading players, including American Elements, Stanford Advanced Materials, and NANOSHEL, are actively contributing to this expansion through product innovation and strategic partnerships. Geographical expansion is another prominent aspect of the Iridium Oxide Sputtering Target market. North America and Asia Pacific, particularly China and South Korea, are currently major contributors to market revenue. However, the growing adoption of advanced technologies in regions like Europe and the Middle East & Africa is creating new opportunities for market penetration. While the market faces certain restraints like the high cost of iridium and potential supply chain disruptions, the overall positive outlook driven by technological advancements and increasing demand from diverse sectors is expected to outweigh these challenges, ensuring sustained growth throughout the forecast period. The market's positive trajectory is anticipated to continue, driven by innovations in materials science and the ongoing development of high-performance electronic devices.

650 Global import shipment records of Iridium with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The report offers Iridium Powder Market Dynamics, Comprises Industry development drivers, challenges, opportunities, threats and limitations. A report also incorporates Cost Trend of products, Mergers & Acquisitions, Expansion, Crucial Suppliers of products, Concentration Rate of Steel Coupling Economy. Global Iridium Powder Market Research Report covers Market Effect Factors investigation chiefly included Technology Progress, Consumer Requires Trend, External Environmental Change.

Statistics illustrates consumption, production, prices, and trade of Metals; iridium, osmium, ruthenium, unwrought or in powder form in the United States from 2007 to 2024.