Ruthenium Prices, Trends & Forecasts | Provided by Procurement Resource

Ruthenium (Ru) is one of the rare earth metals present in nature and has links to other platinum metals in the pentlandite and pyroxenite minerals. It is the last metal from the six platinum group metals (palladium, osmium, platinum, rhodium, and iridium).

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It is commercially produced using the remaining waste of nickel refining. It appears to be a white metal with properties like being hard and resistant to tarnish and chemical attack. Its atomic mass and density are 101.1 g.mol -1 and 12.2 at 20°C. Its respective melting and boiling points are 2250 °C and 4150 °C.

Key Details About the Ruthenium Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Ruthenium price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Ruthenium Price chart, including India Ruthenium price, USA Ruthenium price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Ruthenium Price Trend:

Ruthenium is extensively used in various different industries, which is the main driving factor of the industry. In the electronics sector, it is integrated into chip resistors and electrical contacts. In the chemical industry, Ruthenium oxide is used for coating electrochemical cell anodes during the production of chlorine. Furthermore, ruthenium compounds find use in solar cells that convert light energy into electrical energy. In addition, it works like a versatile catalyst for getting rid of hydrogen sulphide from oil refineries and other industrial processes like making ammonia from natural gas, making acetic acid from methanol, and in the Fischer Tropsch synthesis and olefin metathesis. Also, it’s used in a few advanced high-temperature single-crystal superalloys, which have applications in jet engine turbines.

Key Players:

  • Umicore N.V.
  • Russian Platinum
  • Anglo American Platinum Limited
  • Johnson Matthey

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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