One of the rarest metals, iridium, has risen in price by 131% since the beginning of the year, ahead of bitcoin, which added 85% in price.
A byproduct of platinum and palladium mining, the metal trades at $ 6,000 an ounce. At the beginning of the year, quotes were slightly below $ 2,600.
The rally sparked last year's supply disruptions and increased demand from the display and spark plug manufacturers.
Trending: Exchange Kraken will stop serving Russian users
The task of acquiring iridium appears to be a daunting one. It is not listed on the exchange, buyers can only get a limited offer from several dealers or contact the producers of this rare metal directly.
The publication explains the sharp rise in the price of iridium by insufficient investment in the development of platinum. The active development of the electric vehicle market has weakened the prospects for the production of catalysts for vehicles with internal combustion engines, which use this precious metal.