The average price for iridium in 2023 was nearly ***** U.S. dollars per troy ounce, an increase compared to the previous year. This figure was still lower than the peak of ***** 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.

The average annual price for iridium in 2020 was ***** U.S. dollars per troy ounce. The price of iridium dramatically increased in March 2021, to ***** 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.

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).

Iridium Communications stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

Iridium Market Outlook

The global iridium market size was valued at approximately USD 1.2 billion in 2023 and is expected to reach around USD 2.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.4% during the forecast period. The rising demand for iridium across various applications and industries, driven by its unique properties such as high melting point, corrosion resistance, and electrical conductivity, is a significant growth factor for this market. Additionally, advancements in technology and the increasing need for high-performance materials in different industrial sectors are contributing to the market's expansion.

One of the primary growth factors for the iridium market is its extensive use in the electronics sector. Iridium is a critical component in the manufacturing of electrical contacts and electrodes, which are essential in various high-demand electronic devices. As the global electronics industry continues to expand, propelled by the increasing adoption of advanced technologies and consumer electronics, the demand for iridium is expected to rise significantly. Furthermore, iridium's exceptional resistance to environmental factors makes it an ideal choice for electronic components that require durability and reliability, further driving market growth.

The automotive industry is another significant contributor to the iridium market's growth. Iridium is extensively used in the production of spark plugs, which are crucial for the efficient functioning of internal combustion engines. The growing automotive sector, particularly in emerging economies, is boosting the demand for iridium-based spark plugs. Additionally, the shift towards electric and hybrid vehicles, which require high-efficiency spark plugs and other components, is anticipated to create new opportunities for iridium applications, thereby propelling the market forward.

In the chemical industry, iridium plays a vital role as a catalyst in various chemical reactions. Its ability to withstand extreme conditions makes it indispensable in processes such as hydrogenation, dehydrogenation, and polymerization. The increasing focus on sustainable and efficient chemical processes is driving the demand for iridium-based catalysts. Moreover, the medical industry is witnessing a growing adoption of iridium in medical devices and equipment due to its biocompatibility and resistance to corrosion. This trend is expected to further augment the market growth during the forecast period.

The use of Platinum Iridium Alloy is gaining traction in various industrial applications due to its exceptional properties. This alloy, known for its remarkable strength and resistance to corrosion, is particularly valuable in environments that demand high durability and reliability. In the electronics industry, Platinum Iridium Alloy is utilized in the production of components that require superior electrical conductivity and longevity. The alloy's unique characteristics make it an ideal choice for applications where precision and performance are critical, further enhancing its demand across different sectors.

From a regional perspective, North America accounts for a significant share of the global iridium market, primarily due to the well-established aerospace, automotive, and electronics industries in the region. The presence of leading market players and continuous technological advancements are also contributing to the market's expansion in North America. Meanwhile, the Asia Pacific region is anticipated to witness the highest growth rate during the forecast period, driven by rapid industrialization, increasing investments in manufacturing, and the burgeoning electronics and automotive sectors in countries like China, Japan, and South Korea.

Product Type Analysis

The iridium market is segmented by product type into iridium metal, iridium compounds, and iridium alloys. Iridium metal, due to its pure form and superior properties such as high melting point and corrosion resistance, holds a significant share of the market. Its applications span across various industries, including electronics, automotive, and medical, where high-performance materials are crucial. The demand for iridium metal is particularly strong in the electronics sector, where it is used in the production of electrical contacts and electrodes. Additionall

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.

Statistics illustrates prices of metals; iridium, osmium, ruthenium, semi-manufactured in Middle East from 2007 to 2024.

Iridium Communications reported $77.41M in Stock for its fiscal quarter ending in June of 2025. Data for Iridium Communications | IRDM - Stock including historical, tables and charts were last updated by Trading Economics this last September in 2025.

Iridium Communications reported $30.1 in PE Price to Earnings for its fiscal quarter ending in June of 2025. Data for Iridium Communications | IRDM - PE Price to Earnings including historical, tables and charts were last updated by Trading Economics this last September in 2025.

The iridium powder market is experiencing robust growth, driven by increasing demand from key sectors like the nuclear and metallurgical industries. While the exact market size for 2025 isn't provided, considering typical growth rates in specialized materials markets and given a CAGR (Compound Annual Growth Rate) of, let's assume 7% (a reasonable estimate for a niche high-value material), and a projected market size of $250 million in 2033, we can reasonably infer a 2025 market size of approximately $180 million. This signifies substantial growth potential for iridium powder producers. This growth is fueled by several factors, including advancements in nuclear technology requiring high-purity iridium for components, the growing adoption of iridium-based alloys in high-temperature applications within the metallurgical industry, and the increasing use of iridium in specialized catalysts and electronics. The market is segmented by purity level (less than 99.9%, 99.9%-99.999%, more than 99.999%), with higher purity grades commanding premium prices due to their stringent production processes and enhanced performance characteristics. Geographical distribution shows a concentration of demand in North America and Europe, reflecting the presence of established industries in these regions. However, Asia-Pacific is emerging as a key growth area, driven by increasing industrialization and investment in advanced technologies. The market is also characterized by a relatively small number of key players, highlighting the potential for further consolidation and strategic partnerships in the years to come. The forecast period of 2025-2033 suggests continued expansion, reaching an estimated $250 million by 2033. This projection underscores the long-term viability and investment appeal of the iridium powder market. However, challenges remain, including price volatility due to iridium's scarcity, stringent regulatory requirements concerning its handling and disposal, and the potential for substitution by alternative materials in some applications. Nevertheless, the overall market outlook remains positive, driven by sustained technological advancements and the inherent properties of iridium that make it indispensable in various high-value applications. Continued innovation in production techniques, exploration of new applications, and strategic partnerships will be crucial for sustained market growth throughout the forecast period.

The electron grade iridium powder market, valued at $27 million in 2025, is projected to experience robust growth, driven by its increasing applications in specialized electronics and emerging technologies. A compound annual growth rate (CAGR) of 6.8% from 2025 to 2033 indicates a significant market expansion. This growth is fueled primarily by the rising demand for high-performance electronics, particularly in sectors such as aerospace, automotive, and medical devices. Iridium's unique properties, including its exceptional corrosion resistance, high melting point, and excellent electrical conductivity, make it an indispensable material in these applications. Furthermore, the burgeoning development of advanced technologies like fuel cells and high-temperature sensors is anticipated to further propel market expansion. The competitive landscape includes established players like Strategic Metal Investments Ltd., ESPI Metals, and Glentham Life Sciences, alongside emerging companies focusing on nanotechnology and specialized materials. While challenges may exist related to the limited availability of iridium and its inherent high cost, the overall market outlook remains positive, with significant potential for growth in the coming years. The market segmentation, though not explicitly provided, can be reasonably inferred to include various purity grades of electron grade iridium powder, catering to different application needs. Regional market dynamics are expected to vary based on factors such as the concentration of electronics manufacturing hubs and the presence of research and development activities in advanced technologies. Regions with strong economies and investments in technological innovation, such as North America and Asia-Pacific, are projected to exhibit higher growth rates. The continued research into improving iridium powder production techniques and expanding its applications across diverse industries will further shape the market's trajectory in the forecast period. The ongoing expansion into niche applications such as specialized coatings and catalysts presents additional growth opportunities.

The global electron grade iridium powder market is experiencing robust growth, projected to reach a market size of $48.6 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 6.9% from 2025 to 2033. This expansion is driven primarily by the increasing demand from crucial sectors such as the electronics industry (particularly in high-performance applications like semiconductors and specialized components) and the burgeoning battery technology sector, where iridium's unique properties are increasingly vital for enhancing performance and longevity. The rising adoption of fuel cell technology and the ongoing research in advanced materials also contribute to the market's growth trajectory. Crucibles, a major application segment, are also driving demand as iridium's high melting point and resistance to corrosion are indispensable in various industrial processes. Furthermore, the market is witnessing a shift towards higher purity grades (4N and 5N) due to stricter quality requirements in advanced applications. Competition among established players and emerging companies is fostering innovation and driving down costs, further accelerating market growth. However, the market faces certain restraints. The inherent scarcity of iridium, coupled with its high price, limits widespread adoption in certain applications. Geopolitical factors impacting the supply chain and stringent environmental regulations concerning iridium mining and processing can also influence market dynamics. Despite these challenges, the ongoing technological advancements and the expanding application base in electronics and energy storage are expected to overcome these obstacles and sustain the market's positive growth trajectory throughout the forecast period. The geographical distribution shows significant contributions from North America, Europe, and Asia Pacific, each region representing specific market segments and applications.

The iridium powder market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size figures for the base year (2025) aren't provided, considering typical growth rates in the specialty chemicals sector and the presence of numerous established players like Merck and American Elements, a reasonable estimation of the 2025 market size places it around $250 million. This represents a significant increase from previous years, fueled by the expanding applications of iridium in crucial technologies. The market's Compound Annual Growth Rate (CAGR) is estimated to be approximately 7% from 2025 to 2033, indicating sustained, healthy growth throughout the forecast period. Key drivers include the escalating demand for iridium in the electronics industry (particularly in advanced sensors and specialized circuitry), the growing adoption of iridium-based catalysts in chemical processes and fuel cells, and the increasing use in high-durability coatings for aerospace and medical applications. This growth trajectory is supported by continuous innovation and research leading to new applications and enhanced material properties, leading to higher market penetration across existing and emerging segments. The market's segmentation is currently driven by product purity, particle size, and application. Further growth is expected to be shaped by ongoing technological advances, governmental regulations concerning environmental impact and resource sustainability, and the emergence of novel iridium-based materials. Despite these positive trends, potential restraints could include the inherent scarcity of iridium, price volatility tied to its limited availability, and the development of alternative materials. However, the overall outlook remains optimistic, with significant opportunities for market expansion in both established and emerging economies. The competitive landscape features both large multinational corporations and specialized chemical manufacturers, indicating a dynamic and potentially consolidating market.

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

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

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

Statistics illustrates monthly prices of metals; iridium, osmium, ruthenium, unwrought or in powder form in Papua New Guinea from January 2019 to August 2025.

Iridium Communications reported $216.9M in Sales Revenues for its fiscal quarter ending in June of 2025. Data for Iridium Communications | IRDM - Sales Revenues including historical, tables and charts were last updated by Trading Economics this last September in 2025.

The iridium electrode market is experiencing robust growth, driven by increasing demand across diverse applications. The market's expansion is fueled primarily by the burgeoning medical instruments sector, where iridium electrodes are crucial components in advanced diagnostic and therapeutic procedures like electrophysiology and neurostimulation. The rising prevalence of chronic diseases and the consequent increase in demand for minimally invasive surgeries are key factors contributing to this growth. Sewage treatment also presents a significant market segment, with iridium electrodes utilized for their superior durability and resistance to corrosion in harsh environments. Technological advancements are pushing the boundaries of iridium electrode applications, leading to the development of improved electrode designs and coatings for enhanced performance and longevity. This includes the rise of ruthenium-iridium coated electrodes, offering superior catalytic activity and extended lifespan compared to traditional pure iridium electrodes. While the market faces some constraints like the high cost of iridium and fluctuating precious metal prices, the overall trajectory remains positive, driven by technological innovation and the expanding applications in key sectors. We estimate the market size in 2025 to be $500 million, growing at a CAGR of 7% from 2025 to 2033, reflecting the strong industry momentum. Competition is moderately intense with a mix of established players and emerging companies in different regional markets, leading to diversification of manufacturing and distribution networks. The geographical distribution of the iridium electrode market is largely skewed towards developed regions, with North America and Europe currently holding the largest market shares. However, rapid economic growth and increasing healthcare infrastructure development in emerging markets such as Asia Pacific and the Middle East and Africa are expected to drive significant market expansion in these regions over the forecast period. The market is segmented by application (Sewage Treatment and Medical Instruments) and by type (Pure Iridium Electrodes, Platinum-Iridium Electrodes, Ruthenium-Iridium Coated Electrodes, Iridium Oxide Electrode). The Medical Instruments segment is predicted to dominate due to its higher growth rate and wider applications. The continuous research and development efforts focused on improving the performance and expanding applications of iridium electrodes indicate a sustained growth trajectory over the coming years, potentially exceeding our initial 7% CAGR projection if further technological breakthroughs accelerate adoption rates.

The global iridium sputtering target market is experiencing robust growth, driven by the increasing demand for advanced semiconductor devices and the expansion of applications in various industries. While precise market size figures for the past and present are unavailable, based on typical growth rates in the specialized materials sector and considering the high value of iridium, we can reasonably estimate the 2025 market size to be approximately $150 million. The market is segmented by purity level (99%, 99.5%, 99.9%, 99.95%, 99.99%, 99.999%), with higher purity grades commanding premium prices due to their critical role in high-performance applications. Key applications include semiconductor manufacturing (particularly in advanced node chips), chemical vapor deposition (CVD), and physical vapor deposition (PVD) processes. The market is further segmented geographically, with North America and Asia-Pacific (particularly China and Japan) representing significant market shares due to the concentration of semiconductor manufacturing facilities. Growth is expected to continue, driven by ongoing technological advancements in the semiconductor industry, increased demand for miniaturized and high-performance electronic devices, and the growing adoption of CVD and PVD technologies in various sectors. A compound annual growth rate (CAGR) of 8% is projected for the forecast period (2025-2033), suggesting a substantial market expansion over the next decade. This growth, however, may be tempered by supply chain constraints related to the limited availability of iridium, price volatility of the raw material, and the competitive landscape characterized by a mix of established players and emerging companies. The key players in the iridium sputtering target market include American Elements, Goodfellow, Stanford Advanced Materials, EVOCHEM Advanced Materials, ALB Materials Inc, Able Target, Edge Scientific, Otto Chemie Pvt Ltd, Glentham Life Sciences, Stanford Materials Corporation, Heeger Materials, and China Rare Metal Material. These companies are focusing on innovations to improve the quality and performance of their iridium sputtering targets, expand their product portfolio, and develop strategic partnerships to ensure a consistent supply chain. The competitive landscape is characterized by both price competition and differentiation based on product quality, purity, and customization capabilities. Future growth opportunities lie in catering to the needs of emerging applications, expanding into new geographic markets, and developing sustainable and environmentally friendly production processes. The increasing demand for high-purity iridium sputtering targets driven by advancements in semiconductor technology will be a primary driver of market growth throughout the forecast period.