![]() ![]() That makes it more than three times more expensive than gold. ![]() Iridium, which is also used in spark plugs, has climbed to $6,000 an ounce, according to Johnson Matthey Plc data. As might be anticipated from its position in the periodic table, iridium is stable to water and air and is not attacked by any acids, including 'aqua regia', which is used for separate iridium from various other platinum group metals. It has an abundance in the earths crust of almost 3x10 6 ppm. As a result, it is categorized with group nine’s platinum metals. In appearance, iridium is a lustrous, silvery metal. In period six of the periodic table, iridium is a transition metal between osmium and platinum. As a result, the number of unpaired electrons determines the size of the magnetic moment. “The only near-term solution is higher prices to get people to sell their existing holdings.” Yes, iridium belongs to the platinum (transition) group of metals. ![]() Relatively scarce on the Earth’s crust, indium is found with zinc sulfide ores, as well as iron, lead and copper ores. “The lead time on the supply side is too long to increase supply in a timely fashion,” said Jay Tatum, a portfolio manager at Valent Asset Management. Indium is a silvery-white metal named for its indigo blue line in the atomic spectrum. Iridium isn’t traded on a bourse or through exchange-traded funds, retail buyers are limited to ingots from a handful of dealers and the few major investors dealing in it go straight to producers. Extraction: Like other platinum group metals, iridium is extracted through processes like flotation, which separates the. What Makes a Metal Precious Precious metals are elemental metals that have high economic value. Following is a look at what makes a metal precious compared with other metals, plus a list of precious metals. Initially found combined with other metals, iridium undergoes a series of processes to achieve its purest form. The four primary precious metals are gold, silver, platinum, and palladium. Betting on it is difficult too, as demand is dominated by industrial users. The path of iridium from its ore to the refined metal we utilize is an intricate dance of geology and metallurgy. With a market much smaller than its more famous sister metals, production issues can have a big impact on prices. It has rallied on supply disruptions in the past year and rising demand for use in electronic screens, refiner Heraeus Group said. Extremely high concentrations of iridium on Earth result from only two scenarios: massive volcanic eruptions that release iridium from deep within the Earth and meteorites that shower down on Earth from space. Iridium, one of the rarest precious metals and mined as a byproduct of platinum and palladium, has surged 131% since the start of January, far beating Bitcoin’s 85% gain. souvik101990 wrote: Iridium, a hard, whitish metal similar to platinum, is extremely rare on Earth. ![]()
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