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Iridium is one of the rarest elements on Earth. Its name comes from the Latin word "iris," meaning rainbow. This is due to the striking and varied colors of its salts. Ir, which occurs naturally in the Earth's crust, is mainly found in combination with platinum and other platinum group metals (PGMs). However, its rarity makes it difficult to mine, contributing to its status as a valuable commodity.
Iridium is the most corrosion-resistant element and is rarer than gold and silver.
Iridium gives alloys the desired degree of hardness and brittleness. The chemical industry uses this valuable metal to coat anodes in chlor-alkali electrolysis as part of PVC production. There is high demand for iridium as a raw material for many future technologies. In addition to organic light-emitting diodes (OLEDs), this includes electrolysis for the production of green hydrogen. Together with platinum, iridium serves as a catalyst in polymer electrolyte membrane (PEM) electrolysis.
Why could iridium be an interesting investment?
- Global reserves of iridium are very limited. The combination of its extreme rarity, difficulty in extraction (production), and high industrial demand makes iridium an extremely interesting metal on the investment market. This is also evidenced by price increases in recent years.
- If demand for hydrogen continues to grow positively until 2030, demand for iridium from electrolysis alone could match current annual production of just under 8 tons by 2030, indicating a supply gap. Iridium is mined exclusively as a by-product of platinum and palladium, meaning that its production cannot be easily increased.
- The iridium market is expected to grow by 6.4% annually until 2032, from approximately 7.1 tons in 2023 to approximately 10.6 tons.
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