Iridium Prices, Trend and Forecast | IMARC Group

The latest report by IMARC Group, titled "Iridium Prices Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the price trend. This report delves into the price of Iridium globally, presenting a detailed analysis, along with an informative Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasts, making this report an invaluable resource for industry stakeholders.

 

Iridium Prices by End of The Last Quarter:

 

• United States: 4577 USD/ Troy Ounce 

 

Report Offering: 

• Monthly Updates - Annual Subscription
• Quarterly Updates - Annual Subscription
• Biannually Updates - Annual Subscription

 

Request For a Sample Copy of the Report:  https://www.imarcgroup.com/iridium-pricing-report/requestsample

 

Key Details About the Iridium Price Trend

Iridium is a rare, dense, and highly corrosion-resistant transition metal belonging to the platinum group. Found naturally in platinum ores, it is usually extracted through mining processes that also yield platinum, palladium, and rhodium. The metal is obtained by refining these ores through methods like electrolysis or chemical extraction. Its most notable feature is its extreme resistance to heat and corrosion, making it ideal for high-temperature applications. Iridium is commonly used in spark plugs, crucibles, and equipment for chemical production due to its robustness under extreme conditions. Its high density and ability to maintain structural integrity at elevated temperatures also make it essential in aerospace and electronics. One of its specialized uses is in the production of standard weights and measures, given its stable, non-reactive nature. Furthermore, iridium is used in medical implants and devices, especially in cancer treatments, due to its radioactive isotopes, which play a role in targeted radiation therapies. Iridium-based alloys are favored in industries requiring hard-wearing and long-lasting materials, particularly in engines, electrical contacts, and specialized tools. The metal is available in different forms such as iridium powder, sponge, rods, and alloys, each tailored for specific industrial or scientific uses.

 

Factors Influencing Iridium Price Analysis

Global iridium prices are experiencing growth due to several key drivers, such as the rising demand for iridium in the electronics sector, particularly for manufacturing semiconductors. Its use in catalytic converters, driven by the automotive industry's push for cleaner emissions, further contributes to its demand. Additionally, the increasing application of iridium in medical devices and pharmaceuticals is another factor promoting growth. The market benefits from its usage in chemical manufacturing, where it acts as a catalyst. The aerospace sector is contributing to iridium demand due to its inclusion in spark plugs for jet engines. With the growth of hydrogen fuel cells, iridium is gaining attention for its use as an electrode material. Apart from this, the growing market for green technologies, including renewable energy and water treatment, relies on iridium-based catalysts, which is propelling the market growth.

 

Regional Price Analysis: 

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

 

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

 

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.

 

Contact us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145