Tue, Oct 21, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Metals and Minerals more

Rarest of rare iridium gains as growth spurs demand

Posted on 21 February 2014

Iridium, the rarest of the seven precious metals traded internationally, is showing signs of life as economic growth fuels demand for the commodity used in spark plugs and light-emitting diodes for televisions.
After plunging 62 percent last year, the biggest slump since 2002, iridium rose 21 percent since the end of December to a three-month high of $485 an ounce yesterday, Johnson Matthey Plc data show. Prices remain 55 percent below a 2011 record………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37533 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031