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🇺🇬 Iridium Price Today in Uganda | USh17,390,000
Live iridium price in Ugandan Shilling (UGX) — updated every minute
Last updated: May 5, 2026, 12:57 AM ET
Price (UGX)
USh17,390,000
Price (USD)
$4,700
USD/Iridium Spot
$4,700.00
USD/UGX Rate
1 USD = 3700 UGX
About Iridium
Iridium is one of the rarest elements in Earth's crust — an estimated 3 tonnes per year are mined globally. It is the most corrosion-resistant metal known and is primarily used in high-performance spark plugs, crucibles for crystal growth, and as a hardening agent for platinum. South Africa is the dominant producer. Growing applications in green hydrogen production as a PEM electrolyzer catalyst add long-term demand potential.
Iridium price in Uganda: what drives it?
Iridium's extreme rarity and growing applications in green hydrogen production have attracted attention as a potential strategic metal. However, its tiny market and illiquid OTC pricing make it accessible only to specialist investors and industrial buyers. Its PEM electrolyzer catalyst role could be transformative for long-term demand. The iridium price in Uganda is determined by the global USD spot price multiplied by the USD/UGX exchange rate.
Frequently Asked Questions — Iridium in Uganda
What is the iridium price today in Uganda?
The iridium spot price in Uganda is converted from the international OTC price in USD to Ugandan Shilling. Iridium has no exchange-listed futures; prices are published by specialist precious metals market reporters like Johnson Matthey and Heraeus.
What is iridium used for?
Iridium's primary uses are: high-performance spark plugs (automotive and aviation), crucibles for growing rare earth crystals and semiconductor materials, pen nibs, and as a platinum alloy hardener. Emerging applications include use as an anode catalyst in proton exchange membrane (PEM) electrolyzers for green hydrogen production.
Why is iridium so rare?
Iridium is a member of the platinum group metals (PGMs) and is found in extremely low concentrations in Earth's crust — typically less than 0.001 parts per billion. Global mine production is approximately 3–4 tonnes per year, almost entirely as a byproduct of platinum and nickel mining in South Africa and Russia.
Did iridium contribute to the mass extinction?
The Cretaceous-Paleogene boundary (marking the mass extinction 66 million years ago) shows elevated iridium concentrations worldwide. This evidence supports the asteroid impact hypothesis — extraterrestrial bodies contain significantly more iridium than Earth's surface rocks. The Chicxulub impactor was estimated to have been rich in iridium.
How can I invest in iridium in Uganda?
Iridium is extremely difficult to invest in directly due to its tiny, illiquid OTC market. Investors in Uganda seeking iridium exposure might consider platinum group metal mining companies with iridium byproduct exposure, such as Anglo American Platinum, Sibanye-Stillwater, or Norilsk Nickel.