Vertical Divider
Iridium Prices up 135% Over the last 90-Days
Iridium, is used as an organic bonding material in phosphorescent OLED emitters. The price of iridium has increased by 36.4% over the last 30 days and 135.3% over the last 90 days and has just reached $6,000/ounce due to supply disruptions in South Africa, which produces 80% to 85% of the less than 10 tons that is mined each year. Because the amounts are so small, mining does not track demand and remains relatively static, which gives the metal its sensitivity to production issues and rapid changes in demand. Increases in these and other basic materials for semiconductors and display materials are going to filter through the supply chain and force price increases above what might be the result of current semiconductor foundry shortages and display capacity. However, UDC’s license agreements are based on a fixed schedule of prices based on volume, so until the licenses expire, the prices do not change with the price of Iridium.
Table 1: Iridium Price Chart - 1 Year - 3/22/20 - 3/22/21
Iridium, is used as an organic bonding material in phosphorescent OLED emitters. The price of iridium has increased by 36.4% over the last 30 days and 135.3% over the last 90 days and has just reached $6,000/ounce due to supply disruptions in South Africa, which produces 80% to 85% of the less than 10 tons that is mined each year. Because the amounts are so small, mining does not track demand and remains relatively static, which gives the metal its sensitivity to production issues and rapid changes in demand. Increases in these and other basic materials for semiconductors and display materials are going to filter through the supply chain and force price increases above what might be the result of current semiconductor foundry shortages and display capacity. However, UDC’s license agreements are based on a fixed schedule of prices based on volume, so until the licenses expire, the prices do not change with the price of Iridium.
Table 1: Iridium Price Chart - 1 Year - 3/22/20 - 3/22/21
