Ruthenium (Ru), a rare member of the platinum metal group, possesses the atomic number 44 and displays a silver hue. Its appearance is characterized by brittleness and hardness. With an electronic configuration of ⦏Kr⦐4d⁷5s¹ and an atomic mass of 101.07 u, ruthenium’s inert nature, typical of transition metals, renders it unreactive to most compounds.
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It is commonly found in minute quantities within platinum ores and occurs naturally in the Ural Mountains of North and South America. Boasting a melting point of 2,334°C, this element is notably sourced from top producers like South Africa, Russia, Zimbabwe, Canada, and the United States.
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 trend, 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 finds its primary uses in industrial and electrical gear, as well as in construction materials. It’s notably present in durable electrical connections and thick-film resistors that withstand wear and tear.
Moreover, it serves as a catalyst in chemistry and plays a role in platinum alloys. Notably, recent applications have introduced ruthenium capping layers in extreme ultraviolet photomasks.
Key Market Players:
- Umicore N.V
- BASF SE
- Russian Platinum
- Anglo American Platinum Limited
- Johnson Matthey
News and Events:
- July 21, 2022: The price of ruthenium has drastically increased, going from USD 40 per troy ounce to USD 850 per troy ounce, as a result of the lack of thick film chip resistors. The price increase prompted customers to start seeking an alternative resistor design that is also based on thin film nickel.
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