New brief8 min read
Iridium’s quiet bottleneck is becoming a loud signal.
Automotive catalyst demand is only one side of the story. We map the industrial uses, primary supply and the narrowing path to market.
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The rarest elements,
made legible.
Independent market intelligence for osmium, iridium, ruthenium and the materials shaping what comes next.
Os76
Osmium76.23 g/cm³
Market pulseUpdated 14 Jun 2026 · 09:42 UTC
IRIDIUM$4,985+2.8%
RUTHENIUM$612+1.4%
OSMIUM$1,475−0.6%
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The field note
All research ↗What matters now
Signal01 / 03
“
When availability is measured in grams, every assumption becomes a position.
— The Osmiridium thesis
Our methodology →In focus2026 outlook
+18.4%
Projected growth in hard-disk drive and electrochemical applications.
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Estimated basket value$11,447
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ElementLast price24hSignal
IrIridiumIR · 77$4,985.00+2.80%→RuRutheniumRU · 44$612.40+1.40%→OsOsmiumOS · 76$1,475.00−0.60%→