One Ultra-Rare Metal Is Doing Much Better Than Bitcoin This Year
- Iridium has surged 131% so far this year on tight supplies
- It’s hard to invest in, with most deals by industrial buyers
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There’s one metal that’s leaving all commodities -- and even Bitcoin -- in the dust this year. The challenge for investors is buying it.
Iridium, one of the rarest precious metals and mined as a byproduct of platinum and palladium, has surged 131% since the start of January, far beating Bitcoin’s 85% gain. It has rallied on supply disruptions in the past year and rising demand for use in electronic screens, refiner Heraeus Group said.