The average annual price for iridium in 2020 was 2,550 U.S. dollars per troy ounce. The price of iridium dramatically increased in March 2021, to 6,000 U.S. dollars per troy ounce as a result of supply shortages combined with its prospective use to produce green hydrogen.
Iridium is a transition metal and a platinum group metal. It is one of the most corrosion-resistant metals and is also one of the rarest elements in the Earth's crust.
Average monthly iridium price worldwide from March 2020 to March 2021
(in U.S. dollars per troy ounce)
Price data are monthly averages of daily selling prices for wholesale quantities of iridium set by trading desks in the London (morning fixing) based on market offer prices. The price refers to iridium metal in sponge form with minimal purity of 99.9 percent.
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Quandl. (April 19, 2021). Average monthly iridium price worldwide from March 2020 to March 2021 (in U.S. dollars per troy ounce) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1229812/iridium-price-monthly/
Quandl. "Average monthly iridium price worldwide from March 2020 to March 2021 (in U.S. dollars per troy ounce)." Chart. April 19, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1229812/iridium-price-monthly/
Quandl. (2021). Average monthly iridium price worldwide from March 2020 to March 2021 (in U.S. dollars per troy ounce). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1229812/iridium-price-monthly/
Quandl. "Average Monthly Iridium Price Worldwide from March 2020 to March 2021 (in U.S. Dollars per Troy Ounce)." Statista, Statista Inc., 19 Apr 2021, https://www.statista.com/statistics/1229812/iridium-price-monthly/
Quandl, Average monthly iridium price worldwide from March 2020 to March 2021 (in U.S. dollars per troy ounce) Statista, https://www.statista.com/statistics/1229812/iridium-price-monthly/ (last visited November 21, 2024)
Average monthly iridium price worldwide from March 2020 to March 2021 (in U.S. dollars per troy ounce) [Graph], Quandl, April 19, 2021. [Online]. Available: https://www.statista.com/statistics/1229812/iridium-price-monthly/
