What is Ruthenium? The rare metal behind the latest price spike
What is Ruthenium? The rare metal behind the latest price spike
What is Ruthenium? The rare metal behind the latest price spike
By Muskan Singh
, Global Desk
Synopsis
Ruthenium prices have reached an all-time high, driven by surging demand from the AI boom, particularly in data storage and cloud computing. This surge is occurring amidst significant supply constraints, as ruthenium is a by-product of platinum-group metals mining, with South African production declining. Analysts predict a substantial deficit in the coming years.
A little-known metal is suddenly drawing major attention in global commodity markets. Ruthenium, one of the lesser-known platinum-group metals, has surged to a record price as demand from the technology sector grows rapidly.
The boom in artificial intelligence infrastructure and expanding data centers is increasing demand for the metal, while limited supply continues to restrict the market. Analysts say this imbalance is pushing prices sharply higher.
As the AI industry expands, ruthenium is quietly becoming an important part of the technology supply chain, as per a report by Reuters and NIH.
As companies build more data centers to support AI computing and cloud services, production of hard disk drives has increased. Ruthenium is used in the magnetic layers of these drives, making it a crucial component in data storage technologies.
Read the full article at: Ruthenium price spike: What is Ruthenium? The rare metal behind the latest price spike - The Economic Times