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PGM · byproduct
Bottom line
Iridium sits on 3 federal critical-minerals lists; mine supply is highly concentrated (HHI 0.80, 2021), led by 🇿🇦 South Africa at 89% of output. Prices fell 9% over the past year (-4%/yr over 4y).
At a glance
Price · 2025
4,400dollars per troy ounce
USGS MCS (Iridium)
Price trend
-9% 1Y
-4%/yr · 4Y CAGR
Mine production HHI
0.80
Highly concentrated · 2021
From ore to use
lifecycle flow
-
Reported at PGM group level
7,877kilograms
South Africa top · 2021
2,200kilograms
net importer · 2025
-
3,110.3kilograms
Electrochemical · 2025
Coverage
Provenance
Methodology
The eight-stage lens, the observed-vs-estimated membrane, stage-honest supply, per-stage concentration, ownership resolution and the demand lens - the full method is illustrated live on copper, nickel and lithium.
midstream_components_seed
ni43101_deposits
NREL H2NEW 2024
usgs_critmin_deposits_v2
usgs_deposit_gt
usgs_mrds_2016
10 sources · titles open the source card · url opens the publisher