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Iridium, The latest metal to rocket
mullokintyre
post Posted: Feb 16 2021, 07:43 AM
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Iridium prices have shot up these past 18 months as new industrial uses pop up.
At the end of 2018, the metal went for a tad over 900USD an ounce, somewhat less than gold.
Today at over USD$4,400 and ounce, its twice as expensive as gold.
Its a very rare metal, about 45 times less abundant than gold.
Iridium has had use often as a catalyst, being extremely reactive in salt form.
With the scaling up in Hydrogen production as a fuel source, iridium, which is used as a catalyst in newer processes, has become far more in demand
85% of Iridium comes out of Africa(the country not the film), often as a byproduct from platinum and palladium mining/refining.
We have already seen these two metals go for a runner, so anyone ming/producing the metals should make a buck or two.

So the question is, how do I invest in it??
Anglo American is right up there at the top of the list, but I have a big problem investing in these arrogant thieving bastards who have screwed South Africa and Zimbabwe for years.
Implats, also South African based is the next biggest.
Sibanye is no 3, Northam no4 are also South African.
Then theres the Russians with Norlisk.
Hardly a glowing endorsement for these metals, none of them get even close to model citizens.
Mick



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