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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


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