Price Trends of Iridium Prices in its Latest Insights and Dashboard

 

Product Name	Iridium
HS Code	711049
Molecular Weight	192.22 g/mol
Chemical Formula	Ir
Synonyms	7439-88-5, Iridium black, Iridium Ion
Region/Countries for which Data is available	Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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 Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency	US$ (Data can also be provided in local currency)
Supplier Database Availability	Yes
Customization Scope	Our services can be customized as per the requirements of the customer
Post-Sale Analyst Support	360-degree analyst support after service delivery

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Iridium (Ir), atomic number 77, is a chemical element. It is a transition metal that is very hard, brittle in nature and has a white-silverish colour. The metal belongs to the platinum group and is the second-densest metal available naturally (after osmium). It has the highest resistance against corrosion, tackling temperatures as high as 2000 °C.

The leading worldwide producing countries for Iridium are Chinese Taipei, Japan, South Africa, the United Kingdom, and Germany.

Key Details About the Iridium Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Iridium price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Iridium price chart, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Iridium Price Trend:

There are several industrial usages that are affecting the price trend of Iridium. The essential usage is its application in many industrial sectors due to its high melting point, including in manufacturing high-grade spark plugs that are employed in general aviation aircraft. It also finds use in the construction of containers for melting and manipulating other industrial-grade metals and crucibles that enable the production of sapphire crystals.

Key Market Players:

• Umicore N.V
• BASF SE
• Russian Platinum
• Anglo American Platinum Limited
• Johnson Matthey

News and Events:

• In the week ending September 16, 2022, Iridium prices dipped by 65.67 percent. On September 20, 2022, there was an increase in price by 0.96 percent. However, on September 21, 2022, the price changed, growing by 4.14 percent. The latest IRD price is INR 0.871641 per IRD. Nevertheless, Iridium is still behind the all-time high of INR 19.981875 with a lag of 95.64 percent. The current supply circulating is 24,132,057.057 IRD.

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