I too have known the allure of Ruthenium, Ruthie to her friends.*
From Reuters, March 15:
Ruthenium, a minor metal in the platinum-group metals (PGMs), has surged to an all-time high as supply constraints and growing demand linked to artificial intelligence tighten the market, analysts and producers said.
Used in electronics, semiconductors, and chemical processing, ruthenium is seeing rising demand from AI-driven data storage and cloud computing. Expansion in data centre capacity is lifting hard disk drive production, where the metal is used in magnetic layers.
- Ruthenium prices were around $1,750 per ounce on March 13, according to data from LSEG, citing Johnson Matthey's benchmark prices, up from $560 per ounce a year earlier.
- "The fact that it's establishing itself as a 'precious proxy for the AI buildout', investors have likely also expanded positioning," said Nicky Shiels, Head of Research & Metals Strategy at MKS PAMP.....
....MORE
*Glory days:
- June 29, 2017 - The Cobalt Trade Worked Out, On To Ruthenium
- December 11, 2017 - "Rush for Ruthenium Has Metal Soaring 375 Percent in 2017: Chart"
