Ruthenium, a rare metal in the periodic table with the symbol Ru, has an atomic number of 44. As a precious metal, ruthenium plays an important role in many fields due to its unique chemical and physical properties, including but not limited to catalysts, electronic devices, and the manufacture of corrosion-resistant alloys. So, what is the price of ruthenium per gram, and what is its market price trend?
The market price of ruthenium
To understand the price of ruthenium, it is first necessary to recognize that the price of ruthenium is affected by global supply and demand, the cost of mining minerals, and the demand for its application in various fields. Due to the relatively low production of ruthenium and its wide application in industry, its price has been kept at a high level.
As of the most recent data, the price of ruthenium is around $200 to $300 per gram. It should be noted that this price is not fixed, it will fluctuate with changes in market supply and demand. Under certain market conditions, such as tight supply or increased demand, the price of ruthenium may even fluctuate significantly.
Influencing factors of ruthenium market price
The fluctuation of ruthenium price is mainly affected by the following factors:
Supply: The main producers of ruthenium in the world include South Africa, Russia and other places, and the mineral policy and mining amount of these countries directly affect the global supply of ruthenium.
Industrial demand: Ruthenium as an industrial catalyst, especially in the application of petroleum refining and chemical production, the increase or decrease of demand has a direct impact on the price.
Technological advances: The development of new technologies may increase the number of new applications for ruthenium, thereby affecting its demand and price.
Economic environment: Changes in the global economic environment, especially in major consuming countries, can also have an impact on the demand and price of ruthenium.
As a precious metal, the market price of ruthenium is affected by a number of factors, which can either increase in price due to reduced supply, or decrease due to technological advances or reduced demand. For investors and consumers, understanding these factors is critical to understanding ruthenium price movements.
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