According to CCTV Finance, since this year, the platinum group metals market has emerged from extreme fragmentation. Although the supply of all varieties is tight and there is a gap between supply and demand, the trend is completely split: traditional industrial metals such as platinum and palladium fluctuated and adjusted sharply; while the metal iridium bucked the trend and prices rose all the way up, becoming the biggest dark horse in the precious metals market this year. The precious metal “iridium” has an ultra-high melting point of more than 2,400 degrees Celsius and excellent corrosion resistance. It is one of the few precious metals that can remain stable above 2,000 degrees Celsius. Therefore, even if it is expensive, the iridium crucible is still an “incubator” that is difficult to replace for many ultra-high temperature special crystals. A relevant source said, “Currently, the price of iridium is still relatively high, reaching 2,000 yuan/gram, which far exceeds the price of gold.” Industry insiders said that the rapid development of AI, new energy and other industries is bringing new growth in demand for iridium. Affected by this, the price of iridium has risen rapidly since this year. According to data from Zhuangxin Wanfeng, an important reference platform for the international precious metals market, the price of iridium was 4510.71 US dollars per troy ounce on December 31 of last year, to 7,850 US dollars per troy ounce as of August 4 this year, an increase of more than 70%.

According to CCTV Finance, since this year, the platinum group metals market has emerged from extreme fragmentation. Although the supply of all varieties is tight and there is a gap between supply and demand, the trend is completely split: traditional industrial metals such as platinum and palladium fluctuated and adjusted sharply; while the metal iridium bucked the trend and prices rose all the way up, becoming the biggest dark horse in the precious metals market this year. The precious metal “iridium” has an ultra-high melting point of more than 2,400 degrees Celsius and excellent corrosion resistance. It is one of the few precious metals that can remain stable above 2,000 degrees Celsius. Therefore, even if it is expensive, the iridium crucible is still an “incubator” that is difficult to replace for many ultra-high temperature special crystals. A relevant source said, “Currently, the price of iridium is still relatively high, reaching 2,000 yuan/gram, which far exceeds the price of gold.” Industry insiders said that the rapid development of AI, new energy and other industries is bringing new growth in demand for iridium. Affected by this, the price of iridium has risen rapidly since this year. According to data from Zhuangxin Wanfeng, an important reference platform for the international precious metals market, the price of iridium was 4510.71 US dollars per troy ounce on December 31 of last year, to 7,850 US dollars per troy ounce as of August 4 this year, an increase of more than 70%.