Iridium Price Trend Analysis, Historical Chart, and Forecast
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
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Iridium is a chemical element and a transition metal, and is denoted by the symbol Ir and has an atomic number 77. It is white-silverish in colour and is the second densest metal after osmium.
It is extremely hard and brittle in nature. It can resist temperatures up to 2000 °C and is resistant to corrosion. The electronic configuration of iridium [Xe] 4f145d76s2 and its atomic mass is 192.217 u. The density of iridium is 22.56 g/cm³.
The leading iridium-producing countries worldwide 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 trend, pricing database, and analysis can prove valuable for 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:
Iridium is used in various industrial fields, due to its melting point including the production of premium spark plugs for general aviation aircraft. Additionally, it is also employed in surgical tools.
It is also employed to build crucibles that are utilised in the creation of sapphire crystals. Due to its low reactivity and high melting point, it is used for the contacts in spark plugs.
Other than that, it also finds its application in compass bearings and pen tips. It is also utilised as a source of gamma radiation in the treatment of cancer and in the production of crucibles.
Key Market Players:
- Umicore N.V
- BASF SE
- Russian Platinum
- Anglo American Platinum Limited
- Johnson Matthey
News and Events:
- September 2022: Iridium costs decreased by 65.67% during the week ending September 16, 2022. On September 20, 2022, prices increased by 0.96 percent. The price did change and rose 4.14 percent on September 21, 2022. The price per IRD is currently INR 0.871641. Iridium, meanwhile, is currently 95.64 percent below the INR 19.981875 historical high.
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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