![iridium metal price iridium metal price](https://c8.alamy.com/comp/2K1A176/iridium-is-a-metallic-chemical-element-belonging-to-the-class-of-transition-metals-silver-used-in-high-strength-alloys-that-can-withstand-high-tempe-2K1A176.jpg)
Since 1944, the Parker 51 fountain pen had a nib fitted with a ruthenium and iridium alloy, and today the tip material in fountain pens is still called “iridium” even though other metals such as tungsten has replaced that metal. As an alloy mixed with osmium (“osmiridium”), it was first used in the early 1830s to tip fountain pen nibs. Investors can either buy and trade stock in these companies, or pour in money in funds that invest in similar companies. These included Lonmin, Impala Platinum, and Anglo Platinum. Compare the price of iridium with other metals such as gold, silver, platinum and palladium. During the early 2010s when the price was heating up, the primary investors who benefited were the ones who had bought stock in the iridium-producing companies. Find the current price of iridium in troy ounces per US dollar, based on daily price updates from various sources. Very rarely do people invest in iridium, as it is considered a minor element. That’s why currently the price of iridium is about $520 per ounce. Today, many manufacturers of LED screens now use cheaper fluorescent material instead. It was actual industrial demand that dictated the price instead. So in other words, it wasn’t speculation that was sustaining the increase in the price of the metal. The price of iridium broke the $1,000-mark per ounce by 2011. By 2011, the demand for this metal was for 194,000 ounces and that was 27 times what it was back in 2009. Metal Prices in the United States through 2010 Scientific. On the Questions tab of the subscriber preferences page, select 'Indium' and any other options in which you may be interested. Subscribe to receive an email notification when a new publication is added to this page. The metal become highly valuable as flat screen TVs and tablets became more popular. The average indium price for 2000 was 188 per kilogram. It was due to the increasing popularity of LED screens. But that changed in the early 2010s when demand for this metal suddenly increased. China is a leading producer of indium (290 tonnes in 2016), followed by South Korea (195 t), Japan. The average indium price in 2016 was US 240/kg, down from US 705/kg in 2014. In the early 2000s, its price gradually decreased because the supply was too much for the relatively lower demand. Indium metal does not react with water, but it is oxidized by stronger oxidizing agents such as halogens to give indium(III). But in general, unlike gold it’s not used as a hedge against inflation. Its price fluctuates depending on any changes in the production, demand, speculation, and hoarding of the metal. It is considered one of the rarest metals in the world, and with its comparatively small volume in the market (when compared to other industrial metals like copter and aluminum) has made its price very unstable. The price of iridium is tied to its industrial usage.