Ruthenium (Ru) is a rare element that belongs to the platinum metal group. It has the atomic number 44 and is silver in colour. It is brittle and hard in appearance. The electronic configuration of ruthenium is ⦏Kr⦐4d⁷5s¹ and its atomic mass is 101.07 u.
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It is also inert to the majority of other compounds because it is a transition metal. It is extensively found in trace amounts in platinum ores. It is also found in the Ural Mountains of North and South America. The melting point of ruthenium is 2,334 °C.
The top producers of ruthenium are 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.
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Industrial Uses Impacting Ruthenium Price Trend:
The main applications for ruthenium are in industrial and electrical equipment. It is also used in building and construction materials. The metal is majorly found in electrical connections that are resistant to wear and tear as well as thick-film resistors.
Ruthenium can be used as a chemical catalyst and in platinum alloys. Extreme ultraviolet photomasks have recently received a ruthenium capping layer.
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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