According to Shenzhen TechFlow news, on August 4th, based on data from Jinshi, the platinum group metals market has shown divergent trends this year, with iridium emerging as a dark horse in the precious metals market despite the overall trend. Insiders say the current price of iridium has reached 2,000 yuan per gram, far exceeding that of gold, and even at such high prices, it remains an irreplaceable ‘incubator’ for ultra-high-temperature specialty crystals.
Industry insiders indicate that the rapid development of industries such as AI and new energy is driving new demand growth for iridium. According to data from Johnson Matthey, an important reference platform in the international precious metals market, the price of iridium has risen from $4,510.71 per troy ounce on December 31 last year to $7,850 per troy ounce on August 4 this year, an increase of over 70%.
