The recycling price of iridium has now reached $112 per gram, which means $112,000 per kilogram. This figure sounds quite attractive, but is it really the case? Let’s take a closer look at this calculation.
Platinum group metal
Iridium is a very rare precious metal, primarily used in high-tech fields, such as the manufacturing of certain special alloys or as a key component in high-end electronic products. This means that to engage in iridium recycling, one must first have iridium to recycle, which is a barrier in itself.

Assuming you actually have iridium to recycle, each step of the recycling process, from purification to processing, has its costs, including equipment, labor, and time. Therefore, the actual recycling price might not be as high as it seems.

Although the current recycling price of iridium is relatively stable, it’s important to remember that it can also be affected by changes in the international market, supply and demand, and other factors. In other words, even if the recycling price is $112 per gram right now, it could be different in a few days, so those who have iridium should hurry to recycle it!