Iridium metal for sale how to#

Its resistance to high temperatures and corrosion makes it almost indispensable in the manufacture of aircraft engines, deep water pipelines, and automotive catalytic converters. These characteristics make it particularly suitable for certain industrial applications. This metal is known for its strong corrosion resistance, high melting point, and hardness. It was first discovered in 1803 by Smithson Tennant. Iridium is one of the rarest metals on earth. But for the month of March 2021, its value had reached $6,000 US per ounce, nearly three times the price of gold for the same month.Įxperts associate this price increase with the dependence of its supply on a single extraction zone (South Africa), and with “disruptions related to technical problems within the South African mining group Anglo American Platinum last year, as well as measures to restrict the movement of people in the country due to the Covid-19 pandemic,” BFM Business media says.

During 2020, the average price per ounce (12.5 grams) of the metal was $2,550 US. Iridium is a very profitable metal, especially during the year 2021.

RELATED CONTENT: Let Haiti Breathe – CORE Group Out of Haiti He made his remarks on Le Point on Radio Métropole. Vixamar argues that the noble metal also exists in the town of Bainet.įor Professor Vixamar, the exploitation of these reserves could allow the revival of Haiti’s economy as well as the creation of millions of jobs in several sectors of the national economy. Hildebrand, a graduate student at the University of Arizona, Dr. Besides the village of Beloc, where iridium was discovered in early 1990 by Alan K. Haiti’s iridium reserves are located in its Southeast Department. This information and its sources are also known by Haiti’s Bureau of Mines and Energy (BME), emphasizes the professor. He says that this assessment comes from South African experts following a study carried out in Haiti in 2014. The country is second in iridium reserves after South Africa, says economics development specialist, Dr. Haiti has one of the largest iridium reserves in the world. Its exploitation could be a lever for the revival of the Haitian economy and the creation of millions of jobs, argues the economics professor, Dr. Its resistance to high temperatures and corrosion makes it almost indispensable in the manufacture of aircraft engines and deep water pipelines. This metal is today worth more than gold and Bitcoin. How do we go about it? Augusto c.As difficult to work with as it is rare, iridium is found in large quantities in Haiti’s southeast, which has the second largest reserves in the world. We are in possession of a 100 kilo bar with assay: palladium 4.55, iridium 45.45, osmium 46.50, platinum 3.50. Considering how expensive it is, and how heavy (so you don't get much for your money!), you should read up on this pretty neat metal. You may also want to surf over to webelements at for their entry on iridium. This site is for technical discussions, and we can't suggest buyers or sellers ( huh? why?), but it is pretty easy to use google to locate refiners & precious metals dealers and check their references.Ī.

Iridium metal for sale how to#

Your question is slightly vague, and it's hard to tell whether you are asking about how to locate refiners and metal dealers for legitimate trade in this precious metal, or whether you are one of the victim :-) It is a precious metal, and nearly as valuable as gold.īut iridium is also a metal that charlatans claim can become imbued with magic other-worldly powers, and which is traded in ridiculous scams by scammers and their victims (see letter 12341 as one example). Iridium is number 77 one of our 92 natural elements it's a metal used in coinage, implants, reflective coatings, etc.