Iridium (Ir) is a silverish-white chemical element or solid transition metal which is among the rarest metals. It offers great properties, including being dense, hard, ductile, precious, corrosion-resistant and brittle.
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Its respective melting and boiling points of 2450 °C and 4527 °C. It has high flammability and can irritate the eyes and digestive tract. It is not that toxic.
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, including India Iridium price, USA Iridium price, 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 a dense and rare metal which finds application in platinum alloys which drives market growth. Along with platinum alloys, it is also employed in special alloy formations like with osmium which makes it useful for making compass bearings and pen tips. Furthermore, its properties, like a higher melting point and low reactivity, make the metal ideal for being used in contacts in spark plugs. Also, the demand for iridium is on the rise across end-user sectors like automotive, chemical, and electronics, in the medical field for treating cancer, in space vehicles and satellites, in aircraft engine parts, and in scientific and other special equipment, among others, which boost the industry’s expansion.
Key Players:
- Umicore N.V
- BASF SE
- Russian Platinum
- Anglo American Platinum Limited
- Johnson Matthey
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