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Iridium

IRD · Precious Metals · OTC · Quoted in USD/oz
4,650.00 USD/oz
-19.34 (-0.41%) today
· CI Indication

Origin markets

Origin spread 300.00 USD/oz

Benchmark: Dealer loco spot (very thin market). The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential. Deep dive

OriginBasisPricevs benchmarkMarket note
🌐
Dealer loco
Global · very thin market
Dealer spot4,650.00BenchmarkTiny market — crucibles, electrodes, electronics
🇨🇳
China (green-H2 + crucible)
China · electrolyzer demand
Delivered4,790.00
+140.00 (+3%)stable
PEM electrolyzer and crucible demand
🇿🇦
South Africa (FOB)
South Africa · PGM co-product
Producer FOB4,570.00
-80.00 (-1.7%)widening
Co-product FOB
🌐
Recycled
Global · secondary
Scrap4,490.00
-160.00 (-3.4%)widening
Recovery under spot

Differentials are indicative desk assessments over the live benchmark — 90-day spread trend shown per origin.

Track physical flows on the live vessel map →
Open
4,669.34
Day High
4,708.76
Day Low
4,638.01
Prev Close
4,669.34
1W
+1.91%
1M
+2.94%
1Y
-8.06%
5Y
-10.68%
Exchange
OTC

6-month range

Annualised volatility 12%
Low 3,301.33Now 4,650.00 · 60%High 5,534.42

Forward curve

Indicative term structure · Backwardation

Spot
4,650.00
USD/oz
3M
4,615.00
-0.75%
6M
4,627.00
-0.49%
12M
4,529.00
-2.60%
18M
4,514.00
-2.92%
24M
4,460.00
-4.09%

In other units

Converted from 4,650.00 USD/oz · indicative FX

USD/g
149.50
USD/kg
149,500.86
EUR/oz
4,278.00
GBP/oz
3,673.50

About Iridium

Iridium is traded in the precious metals segment, with price discovery referenced against OTC. The chart above shows the trailing indicative price path. Physical parcels of Iridium can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.

Precious MetalsOTCUSD/oz-0.41% today