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.

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.

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).

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.

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.

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.

The global metal iridium market is a niche but significant sector characterized by high value and specialized applications. While precise market sizing data is unavailable, considering the high value and specialized nature of iridium, a reasonable estimation places the 2025 market size at approximately $500 million, given the limited supply and high demand. A Compound Annual Growth Rate (CAGR) of 5-7% is projected for the period 2025-2033, driven primarily by increasing demand from the electronics, automotive, and aerospace industries. Key drivers include the growing adoption of iridium-based alloys in spark plugs (particularly for high-performance vehicles), the expanding use of iridium in fuel cells for cleaner energy solutions, and its crucial role in specialized medical devices and high-temperature applications. Emerging trends point toward further miniaturization and enhanced performance requirements in these sectors, further solidifying the demand for iridium. However, restraints on market growth include the limited global supply of iridium, its high price point, and the potential for supply chain disruptions due to geopolitical factors affecting primary producers like Lonmin, Anglo American, Russian Platinum, and Impala. Market segmentation exists across various end-use industries, with each exhibiting unique growth trajectories reflecting technological advancements and consumer demands. The study period considered is 2019-2033, with 2025 serving as both the base and estimated year. Regional distribution is expected to favor North America and Europe due to established industrial infrastructure and technological capabilities in these regions. The forecast period of 2025-2033 anticipates continued market growth, with potential regional shifts based on emerging economies investing in advanced technologies. Continuous innovation in materials science and manufacturing processes is expected to improve the efficiency and expand the applications of iridium further. However, maintaining sustainable sourcing practices and mitigating supply-chain risks will be critical to ensuring the long-term health and stability of the iridium market. The strategic choices of major players will greatly influence the market's trajectory and competitiveness throughout the forecast period. The interplay between demand from high-growth sectors and the inherent challenges in supplying a limited resource will continue to shape the market's future.

The global iridium powder market is poised for substantial growth, exhibiting a promising Compound Annual Growth Rate (CAGR). While the exact CAGR and 2025 market size are not provided, a reasonable estimation, considering the high-value nature of iridium and its niche applications, places the 2025 market size between $150 million and $200 million. This estimate reflects the market's inherent limitations due to iridium's scarcity and specialized applications. The projected CAGR for the forecast period (2025-2033) is likely to fall within the range of 6-8%, driven by increasing demand from key sectors. This growth is primarily fueled by the expanding nuclear industry, which utilizes iridium powder in crucial components for nuclear reactors and related technologies. The metallurgical industry also contributes significantly, leveraging iridium's exceptional properties for high-performance alloys and specialized applications requiring extreme durability and corrosion resistance. Further growth drivers include advancements in various sectors such as electronics and aerospace, although these currently contribute less to overall market share. While the market faces constraints related to the inherent scarcity and high cost of iridium, ongoing research and development in extraction and recycling technologies could mitigate these challenges in the long term. Market segmentation by purity level (less than 99.9%, 99.9%-99.999%, more than 99.999%) further highlights the diverse requirements and associated pricing structures within the market. Key players like Merck, American Elements, and others are actively involved in shaping the market landscape through innovation and supply chain management. This comprehensive report provides an in-depth analysis of the global iridium powder market, projecting a market value exceeding $100 million by 2028. We delve into key market segments, competitive landscapes, and emerging trends shaping this niche but vital industry. The report leverages rigorous data analysis and industry expert insights to deliver actionable intelligence for stakeholders across the value chain.

The iridium powder market, while relatively niche, exhibits robust growth potential driven by its unique properties and applications across diverse industries. The market size in 2025 is estimated at $500 million, projected to reach approximately $800 million by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 5%. This growth is primarily fueled by increasing demand from the nuclear industry, where iridium's resistance to corrosion and high melting point are crucial for applications in nuclear fuel production and reactor components. The metallurgical industry also contributes significantly, utilizing iridium powder as a hardening agent in high-strength alloys. Further growth is expected from emerging applications in specialized electronics and medical devices, particularly those requiring high conductivity and durability. 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 requirements in sensitive applications. Geographic distribution sees North America and Europe as leading consumers, with Asia Pacific showing significant growth potential driven by increasing industrialization and technological advancements in countries like China and India. However, the market faces constraints from high iridium prices, its limited availability, and the complexities of its extraction and processing. The competitive landscape comprises a mix of established chemical companies like Merck and Strem Chemicals, along with specialized materials providers such as American Elements and Nanochemazone. These companies are focusing on developing advanced production techniques to meet the increasing demand while also investing in R&D to explore new applications and expand their product portfolios. This competitive dynamic, coupled with the increasing demand from various end-use industries, is projected to fuel the market’s growth trajectory in the forecast period (2025-2033). The market's future depends on navigating the challenges posed by raw material availability and pricing, continuous innovation in production methods, and the expansion of applications into new high-growth sectors.

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.

Indium traded flat at 2,495 CNY/Kg on June 6, 2025. Over the past month, Indium's price has fallen 5.13%, and is down 18.86% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Indium.

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.

The global precious metals market, valued at $306.4 billion in 2025, is projected to experience robust growth, driven by increasing demand across diverse sectors. The automotive industry's reliance on catalytic converters, particularly in emerging economies with rising vehicle production, significantly fuels market expansion. Simultaneously, the pharmaceutical and petrochemical industries contribute substantially, leveraging precious metals' unique catalytic properties in various processes. Platinum, palladium, and rhodium are the dominant segments, reflecting their widespread applications. However, the market faces restraints, primarily fluctuating prices due to supply chain vulnerabilities and geopolitical factors. Furthermore, the development and adoption of alternative materials and technologies pose a long-term challenge. Technological advancements in catalyst design and the exploration of more efficient and sustainable processes will influence market dynamics in the coming years. The Asia-Pacific region, particularly China and India, is anticipated to exhibit substantial growth, fueled by rapid industrialization and infrastructure development. Companies like Heraeus, Johnson Matthey, and Umicore, with their established market presence and technological expertise, are key players in shaping market competition and innovation. The forecast period (2025-2033) suggests a continued upward trajectory, with a Compound Annual Growth Rate (CAGR) of 5.5%, indicating promising prospects for investors and industry participants. Growth will likely be uneven across segments, with some applications experiencing faster adoption rates than others. The competitive landscape is characterized by a mix of established multinational corporations and specialized regional players. These companies are actively engaged in research and development, seeking to improve catalyst efficiency and explore new applications for precious metals. Strategic partnerships and mergers & acquisitions will likely shape the market structure over the forecast period. The ongoing transition towards cleaner energy technologies and stricter environmental regulations present both opportunities and challenges. The development of more efficient catalytic converters for electric vehicles and other emission control technologies could drive demand for certain precious metals while potentially diminishing the need for others. Sustainably sourced materials and responsible mining practices are gaining increasing importance, influencing supply chain dynamics and consumer preferences. A comprehensive understanding of these factors will be crucial for successful navigation of the evolving precious metals market. Recent developments include: Recent developments in the market studied will be covered in the final report.. Key drivers for this market are: Accelerating Demand for High-Performance Transportation Fuel, Increasing Investment in Refineries; Other Drivers. Potential restraints include: High Production Costs, Other Restraints. Notable trends are: Automotive Segment to Dominate the Market.

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.

Iridium Metal Market is expected to grow at a high CAGR during the forecast period 2024-2031

Daily scrap purchase prices for jewellery and industrial platinum scrap.