| Product Name | Osmium |
| HS Code | 71104100 |
| Molecular Weight | 190.2 g/mol |
| Chemical Formula | Os |
| Synonyms | 7440-04-2, Osmium (3+), Osmium Ion |
| Region/Countries for which Data is available |
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| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | Our services can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after service delivery |
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Osmium comes from the Greek word ὀσμή, osme, or ‘smell’ which is a chemical component having a symbol ‘Os’ and atomic number as ‘76’. Osmium is a bluish white shifting metal that is hard as well as brittle. It stays lustrous in high temperatures and has very little compressibility. Osmium is primarily found as a trace component in alloys, particularly in platinum ores.
Besides, osmium is the thickest and concentrated characteristically arising element. Its alloys are used by manufacturers with platinum, iridium, and other group of platinum metals to produce the tips of fountain pen nib, electrical contacts, and in other functions that need excessive resilience and resistance.
Osmium is one of the scarcest elements found in the crust of the Earth, that makes up to just 50 parts per trillion. There is a projection of about 0.6 parts/billion in the world and hence it is the rarest valuable metal.
Russia, Canada, and South Africa are among the countries that own and produces largest amount of osmium in the world. Apart from these the U.S. and Mexico are amongst the leading nations in North America that uses osmium as a catalyst, for the production of chemicals and as an application in electricals & electronics products.
Whereas countries like Brazil and Argentina are prominent contributors to the development of osmium market because of their robust economic presentation that in turn has enhanced the demand for construction and building related works and strengthened mining exploration activities.
Additionally, there have been heightened financing by Drilling service suppliers who make efforts in discovering fresh mineral deposits in Latin America.
Furthermore, China is the major osmium exporter globally that is enhancing the revenue of the osmium market in the Asia Pacific.
Key Details About the Osmium Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Osmium price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Osmium price chart, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Osmium Price Trend:
There are only few usages of osmium. The major industrial uses that impact the osmium price trend are its application in highly hard alloys for fountain pen nib tips, appliance pivots, electrical contacts, and needles. It is also utilised as a catalyst in chemical sector.
Moreover, osmium has a large usage in the arena of space applications owing to its superior reflectivity. It is also employed in light bulbs and fluorescent lamps to boost the output of light. Other uses are in cosmetic items, phonograph styli, and filaments.
Key Market Players:
- American Elements
- Russian Platinum
- Johnson Matthey
- BASF SE
- Manilal Maganlal & Company
News and Events:
- September 22, 2022 – The Osmium price as on September 22, 2022, is at USD 1.866,59 per gram.
- September 06, 2022 – Ever since October 2018, the osmium investors at present have experienced over 100% growth in its value. This is because the metal is believed to be the last treasured metal in the world, which is scarce, unidentified, and the best metal to be invested upon. Hence, osmium is considered to be the rare metal which has a remarkable and exciting forecast for the future.
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