Factors restraining the rise in ruthenium recycling prices

The market price of ruthenium metal has always been the focus of attention in the field of metal trading and recycling. It may not be the most valuable, but ruthenium must be the platinum group metal with the most stable price. The current recycling value of one gram of crude ruthenium is about 80 yuan. Compared with other platinum group metals such as platinum, palladium and rhodium, this price fluctuates less and shows a stable and slowly rising trend.
A key factor affecting the price of ruthenium recycling is market demand and supply. Although ruthenium has a large number of applications in catalysts, cemented carbide and other applications, compared with platinum and palladium metals, the market demand for ruthenium is still a little smaller. The balance between demand and supply of ruthenium metal restricts the sharp fluctuations in ruthenium recycling prices to a certain extent.

The cost of mining and refining ruthenium is also an important factor affecting the price of ruthenium metal recycling. Due to the rarity of ruthenium, the process of mining and refining ruthenium is relatively complex and costly. This directly affects the market supply of ruthenium metal, thereby affecting the market price of one gram of crude ruthenium.

The global economic environment and related policies will also have an impact on the price of ruthenium recycling. Global economic fluctuations, changes in trade policies and other factors may indirectly affect the demand and price of ruthenium metal. This is why the price of ruthenium is higher than that of platinum, palladium and rhodium. The fluctuation range of other platinum group metals is relatively small.