GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Ore

The most expensive ore has an average price of $500 per ton based on historical data.

Last Updated: June 23, 2024

How we write

In this post, we explore the world of the most expensive ores, from Palladium and Rhodium to Copper and Gold. From the leading producing countries to the current market prices, we delve into the fascinating statistics that shape the global ore industry. Join us as we uncover the valuable insights behind these precious resources and their significant roles in various sectors of the economy.

Statistic 1

"Russia and South Africa are the leading producers of Palladium."

Statistic 2

"Chile is the leading producer of copper, contributing approximately one-third of global production."

Statistic 3

"Palladium, primarily used in catalytic converters, is priced around $2,000 per ounce."

Statistic 4

"Silver, considered a precious metal, is priced around $24 per ounce as of 2022."

Statistic 5

"Gold is priced at around $1,900 per ounce as of 2022."

Statistic 6

"South Africa and Russia contribute around 80% of global platinum production."

Statistic 7

"Mexico, Peru, and China are the top three silver-producing countries."

Statistic 8

"Cobalt prices can reach up to $40 per pound, driven by demand for electric vehicles."

Statistic 9

"Iridium is used in various industries, including electronics and aerospace."

Statistic 10

"Platinum is another expensive ore, priced around $1,200 per ounce as of 2022."

Statistic 11

"Lithium, used in batteries, is priced around $77,000 per metric ton as of 2022."

Statistic 12

"Iridium is another expensive ore, costing about $4,000 per ounce as of 2022."

Statistic 13

"The most expensive ore per kilogram is Rhodium."

Statistic 14

"As of 2022, Rhodium is priced at approximately $20,000 per ounce."

Statistic 15

"The global production of copper reached about 20 million metric tons in 2022."

Statistic 16

"Australia, Chile, and China are the leading producers of lithium."

Statistic 17

"The price of Rhodium has increased by over 300% in the past five years."

Statistic 18

"Rhodium is primarily mined in South Africa, accounting for about 80% of global production."

Statistic 19

"The Democratic Republic of Congo produces about 70% of the world’s cobalt."

Statistic 20

"The largest producers of gold are China, Australia, and Russia."

In conclusion, the statistics show a fascinating landscape of the most expensive ores in the market, with Rhodium emerging as the top contender priced at approximately $20,000 per ounce. Rhodium’s substantial price increase of over 300% in the past five years, coupled with its primary production in South Africa, highlights its significance in the ore market. Other noteworthy expensive ores include Iridium at around $4,000 per ounce and Lithium at $77,000 per metric ton. The data also underscores the leading roles of countries like Russia, South Africa, Chile, and Australia in the production of these valuable ores, shaping the global landscape of precious and essential materials.