« Whiteflash.com - Diamond Engagement Ring Promotion | Main | This Teacher Should Be Tarred and Feathered. »
Ruthenium Prices Explode!
Ruthenium prices have soared to record highs above of $800 an ounce this month, buoyed by an explosive growth in demand for hard disc drives and news that a new generation of chip from Intel may involve the metal.
The minor member of the platinum group metals saw its price surge by 40 percent this year and hit an all-time high of $885 an ounce on February 7th 2007.
Since then, prices have eased to around $795/835 on Tuesday, but ruthenium remains much more expensive than it was a year ago, when it changed hands at less than $100 an ounce.
"Ruthenium met a bit of resistance in the last days after traders started to offload some of their holdings," refiner Heraeus said in a recent report. But the uptrend is likely to continue on a combination of industrial as well as speculative buying, it added.
Praised for its great resistance and ability to harden platinum and palladium, ruthenium has seen its industrial applications widen recently. It is now used in the chemical, electrical and aviation sectors, but the strongest utilisation growth has been recorded in magnetic data storage (hard disc drives).
Platinum is up $13 dollars today. If this continues, and it very well may, due to the weak dollar and Iran, Platinum jewelry prices will increase.
TrackBack
TrackBack URL for this entry:
http://blogadmin.diamondvues.com/mt-track-back.cgi/6390
Comments
Amazing! Your writing goes to the essence of the issue. Your lucidity leaves me wanting to know more. Allow me to forthwith grab your feed to keep up to date with your online blog. Saying thanks is simply my little way of saying bravo for a wonderful resource. Take On my warmest wishes for your incoming post.
Posted by: seks on February 25, 2011 4:56 PM
Good stuff. I dont remember reading such a good article. You should write more
Posted by: sex randki on March 4, 2011 6:26 PM
Do you people have a facebook fan page? I searched for one on yahoo but could not find one, I would indeed enjoy to be a follower! Thank you
Posted by: energie libre on March 22, 2011 11:43 PM
Well written page, well researched and usefull for me now. I am so glad you took the time and effort to write this web page. Will be back in a moment to read more about this matter.
Posted by: pose terrasse bois on March 28, 2011 5:07 PM
Hi there. This is a remarkable post. I'm going to e-mail this to my friends. I came on this while exploring on internet. I'll be sure to come back. thanks for sharing.
Posted by: magnet motors on March 29, 2011 9:14 PM
It is my joy to come by your post and to enjoy your text. All of them make sense and are very valuable. Have a good day.
Posted by: travail internet a domicile on March 31, 2011 4:06 PM
Hi, i would like to say you thanks for giving us that very informational post. it is definitely a fairly interesting web page.
Posted by: cours guitare basse on April 1, 2011 8:54 PM
Simply a smiling visitant here to share the love (:, btw great style .
Posted by: fitness on April 20, 2011 4:04 PM
Thanks for that information?- appreciated?- been reading for awhile, and just wanted to let you realize I continue to enjoy your writing.
Posted by: Cheap rosetta stone on April 22, 2011 2:25 PM
terrific information, thanks
Posted by: Christian Louboutin Sandals on April 23, 2011 2:10 PM