Facing the Iridium Shortage: What Happens When Mines Can't Keep Up?

Iridium, one of the rarest and most valuable metals on Earth, faces an increasingly high demand across various high-tech and industrial sectors, despite an extremely limited supply. Annually, only about 6.5-8 tons of iridium are mined globally, primarily as a by-product of nickel and platinum mining. This constrained supply is under further pressure due to the finite nature of iridium-rich ore deposits and challenges in mining operations. As the demand for this strategic metal continues to rise, driven by its critical applications in electronics, aerospace, and chemical catalysis, the gap between supply and demand is widening. This situation is exacerbated by declining yields from traditional mining regions, posing significant challenges for industries that rely on this exceptional metal. The limited and decreasing supply of iridium, coupled with its indispensable uses, underscores the urgency in finding sustainable solutions or alternatives to meet global needs. Recycling spark plugs, which often contain iridium, can significantly mitigate supply constraints by reclaiming this rare metal and reducing the reliance on limited mining resources.
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#greentech

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