The price of iridium has skyrocketed, far exceeding the price of gold.

According to CCTV Finance, the platinum group metals market has experienced extreme divergence this year. While all varieties are facing tight supply and a supply-demand gap, their trends are completely disconnected: traditional industrial metals like platinum and palladium have seen dramatic fluctuations and significant corrections; whereas iridium has surged against the trend, with prices rising steadily, making it the biggest dark horse in the precious metals market this year. The precious metal iridium boasts an ultra-high melting point of over 2400 degrees Celsius and excellent corrosion resistance, making it one of the few precious metals that remain stable above 2000 degrees Celsius. Thus, even though it is expensive, iridium crucibles remain an irreplaceable incubator for many ultra-high temperature special crystals. Relevant individuals have stated, Currently, the price of iridium is relatively high, reaching 2000 yuan per gram, far exceeding the price of gold. Industry insiders have indicated that the rapid development of industries such as AI and new energy is creating new demand for iridium. As a result, the price of iridium has risen quickly this year. According to data from Zhaoshenwanfeng, an important reference platform in the international precious metals market, the price of iridium on December 31 last year was $4510.71 per troy ounce, and by August 4 this year, it had reached $7850 per troy ounce, an increase of over 70%.