Iridium remains a strategically important metal with a high value driven by its unique properties and limited terrestrial availability.

While asteroid mining holds the long-term potential to unlock vast resources and fundamentally alter the iridium market, it faces significant technological, logistical, and economic hurdles that suggest large-scale commercial extraction is still decades away.

In the nearer term, the future of the iridium market is likely to be more significantly influenced by advancements in alternative technologies and the expansion of recycling initiatives. The successful development and adoption of substitute catalysts, particularly in the rapidly growing green hydrogen sector, could substantially reduce the demand for iridium. Simultaneously, improvements in recycling technologies will be crucial in augmenting the supply of iridium from secondary sources.

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