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Cost and availability of iridium
++
Q. What is the cost of iridium metal in Indian currency with carats?
Prakash T V S- Hyderabad, A.P., India
+++A. Iridium Price varies according to the grade you require and quantity you require.
Atul Goyal
- Mumbai, Maharashtra, India
+++A. Sir, the cost of iridium is listed on www.kitco.com, but its availability is doubtful in India.
Harish Kumar Jain
smelting gold - Chennai, India
++ A. Hi, Prakash.
Iridium is a precious metal, and the price of precious metals fluctuate rapidly, The daily price can be found at sites like mineralprices.com and kitco.com, but to put it into perspective because of different currencies, etc., the price of pure iridium is in the same neighborhood as 24K gold when world currencies are stable. But it's probably somewhat less costly when currencies are not stable, because gold tends to be hoarded more than the other precious metals.
Ted Mooney, P.E.
finishing.com
Brick, New Jersey
July 11, 2010
Q. Where is iridium found ? how can we use it ? how much the prize?
suriya leestudent - INDIA
July 11, 2010 A. Hi, Suriya.
Iridium is a precious metal (currently costing 75 to 80% as much as gold).
By definition, precious metals are rare, but the usual source is as a trace metal found when mining platinum. It is very heavy and extremely corrosion resistant, even at high temperatures. It is used as an electrical contact and even a spark plug electrode =>
There is an entry for iridium in Wikipedia.
Maybe there is a typo in your question, and you are asking for the price? But if not, how much is what "prize"? Iridium is a precious metal with industrial uses, but there is a lot of scamming going on about ridiculous "magical rice-pulling powers" and other nonsense. As PT Barum put it, "There's a sucker born every minute".
Regards,
Ted Mooney, P.E.
finishing.com
Brick, New Jersey
August 25, 2010
Q. What is the rate of iridium copper alloy it seems the rates are way too far from the gold and silver...is there any matter in it or is just rumours?!?!
and if there are real iridium to be found what is next?!?
- tamil nadu, India
August 25, 2010
A. Hi, Nikhil.
Of course there is real iridium -- just as there is real platinum, palladium, rhodium, and gold. It is element #77 in the periodic table, and a precious metal. It has been used as a coating on spark plug electrodes. I've also seen it used as a contact point on anodizing racks. You can find the daily selling price for iridium at places like www.kitco.com and mineralprices.com. Yes it's expensive because it is a rare precious metal, but it's nowhere near as expensive as platinum.
Beware of scammers claiming ridiculous "magic powers". They are a pestilence robbing the gullible. And remember that an alloy of iridium and copper is worth far less than pure iridium, in the same way that 9K gold is worth far less than pure 24k gold.
Regards,
Ted Mooney, P.E.
finishing.com
Brick, New Jersey
March 28, 2011
Q. Which country has the highest iridium sources?
siva k [last name deleted for privacy by Editor]student - hyderabad, India
March 31, 2011
A. Hi, Siva.
It's usually obtained as a byproduct of platinum mining. So whatever country is mining the most platinum is probably recovering the most iridium. But it's everywhere; per "The Elements" by Theodore Gray: "A thin layer of indium-rich clay present all around the world marks the boundary between the Cretaceous and Tertiary periods" =>
Regards,
Ted Mooney, P.E.
finishing.com
Brick, New Jersey
June 14, 2011
Q. Dear Sir,
Kindly tell me about the law relating to Iridium marketing. If I get a coin of Iridium, can I sell it to anybody or any organisation in my country?
Will it be illegal or not in the context of Indian law?
Hobbyist - Kolkata. India.West Bengal
June 2011
A. Hi, cousin Chandan. I'm half a world away in the USA, so I'm not familiar with India's laws. But it would seem to me that if you are allowed to sell gold coins and precious metals, then you are probably allowed to sell iridium coins; they are similar precious metals, and pure iridium is only slightly less valuable than gold.
Of course if you are selling them for substantially more than their intrinsic metal value, and they are not legitimate collectible coins of established value, you could certainly be accused of being involved in that rice-pulling nonsense type of scamming. And as far as I know, there is no corner of the world where scamming is not immoral, unethical, and illegal.
Regards,
Ted Mooney, P.E.
finishing.com
Brick, New Jersey
August 18, 2011
What is the application (in real world) of Iridium?
There is talk that the iridium can pull rice, pull candle flame due to some magical power?
Is that all true?
Employee - India
August 18, 2011
Hi, cousin. In view of what you have just read, I really can't understand your question. Please read the page again, slowly.
But some people will not be dissuaded from belief in magic. And it's okay to believe if it makes you feel good, as long as you don't scam anybody by selling them such a coin, and as long as you don't throw away money that your family needs on such foolishness.
Regards,
Ted Mooney, P.E.
finishing.com
Brick, New Jersey
December 24, 2011
dear Ted Mooney,
Are there any approved vendors for selling and purchase of iridium? Can I have couple of details of sellers of iridium.
sagar
- Hyderabad
December 26, 2011
Hi, Sagar.
I am half a world away so I really can't tell you the names of precious metal dealers in your neighborhood, but anyone who buys and sells silver, gold, and platinum probably buys and sells iridium and other precious metals. Just be careful to not be so stupid as to get involved in nonsense like "rice pulling" scams.
Regards,
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 Ted Mooney, P.E. finishing.com Brick, New Jersey |