Iridium
Green hydrogen
resr
Medical technology
resr
Buy Iridium
Raw material producers:
South Africa
Areas of application:
Catalytic converter (Green hydrogen)
Crucible
Automotive industry (spark plugs)
Medical technology (needle electrodes)
Market forecasts:
- If hydrogen demand develops positively by 2030, the demand for iridium from electrolysis alone could correspond to the current annual production of just under 8 tonnes by 2030, which indicates a supply gap. Iridium is only extracted as a by-product of platinum and palladium, meaning that production cannot be easily increased.1
- The iridium market is expected to grow by 6.4 % per year until 2032, from around 7.1 tonnes in 2023 to around 10.6 tonnes.2
1) platinuminvestment.com/about/60-seconds-in-platinum/2023/08/17
2) matthey.com/products-and-markets/pgms-and-circularity/pgm-markets/pgm-market-reports