{"id":39652,"date":"2021-03-26T17:38:45","date_gmt":"2021-03-26T15:38:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=39652"},"modified":"2025-08-30T10:43:07","modified_gmt":"2025-08-30T07:43:07","slug":"in-2021-iridium-outperformed-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/in-2021-iridium-outperformed-bitcoin\/","title":{"rendered":"In 2021, iridium outperformed Bitcoin"},"content":{"rendered":"

One of the rarest metals, iridium, has risen 131% since the start of the year, outpacing Bitcoin, which has gained 85%. Bloomberg<\/a> reports these figures.<\/p>\n

The metal, which occurs as a by-product of platinum and palladium mining, trades at about $6,000 per ounce. At the start of the year, quotes were just below $2,600.<\/p>\n

The rally was spurred by supply disruptions last year and rising demand from display manufacturers and spark-plug makers.<\/p>\n

The task of acquiring iridium is not straightforward. It is not listed on an exchange; buyers can only obtain limited offerings from a number of dealers or contact the producers of this rare metal directly.<\/p>\n

\\\"Iridium
Iridium and Bitcoin dynamics. Data: Bloomberg.<\/figcaption><\/figure>\n

The publication attributes the sharp rise in iridium prices to underinvestment in platinum development. The brisk expansion of the electric-vehicle market has eroded prospects for producing catalysts for internal-combustion-engine vehicles that use this precious metal.<\/p>\n

A tightening of platinum supplies has driven prices to record highs for other platinum-group metals\u2014ruthenium, rhodium, and palladium.<\/p>\n

Earlier, the palladium fund Global Palladium Fund, established by Nornickel, released the first tokens for digitising part of the mining-and-metallurgical company’s contracts <\/a>.<\/p>\n

Subscribe to ForkLog’s channel on YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

One of the rarest metals, iridium, has risen 131% since the start of the year, outpacing Bitcoin, which has gained 85%.<\/p>\n","protected":false},"author":1,"featured_media":39653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18],"class_list":["post-39652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=39652"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39652\/revisions"}],"predecessor-version":[{"id":39654,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39652\/revisions\/39654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/39653"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=39652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=39652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=39652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}