{"id":341759,"date":"2026-03-16T08:26:11","date_gmt":"2026-03-16T08:26:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/341759\/"},"modified":"2026-03-16T08:26:11","modified_gmt":"2026-03-16T08:26:11","slug":"ruthenium-prices-hit-record-high-as-ai-boom-squeezes-supply","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/341759\/","title":{"rendered":"Ruthenium prices hit record high as AI boom squeezes supply"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">By Anushree Mukherjee<\/p>\n<p class=\"yf-1fy9kyt\">March 16 (Reuters) &#8211; Ruthenium, a minor metal in the platinum-group metals (PGMs), has surged \u200cto an all-time high as supply constraints and \u200cgrowing demand linked to <a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;artificial intelligence&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> tighten the market, analysts \u200band producers said.<\/p>\n<p class=\"yf-1fy9kyt\">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 \u200clifting hard disk \u2060drive production, where the metal is used in magnetic layers.<\/p>\n<p class=\"yf-1fy9kyt\">* Ruthenium prices were around $1,750 \u2060per ounce on March 13,according to data from LSEG, citing Johnson Matthey&#8217;s benchmarkprices, up from $560 per ounce \u200ba year \u200bearlier. * &#8220;The fact that it&#8217;s \u200bestablishing itself as a &#8216;preciousproxy \u200cfor the AI buildout&#8217;, investors have likely also expandedpositioning,&#8221; said Nicky Shiels, Head of Research &amp; MetalsStrategy at MKS PAMP. * Wilma Swarts, director of PGMs at Metals Focus, predicts adeficit of 203,000 ounces in 2026. * Supply \u200cremains structurally constrained because rutheniumis \u200bproduced only as a by-product \u200bof PGM mining, \u200blargely in SouthAfrica. * Platinum group metals output \u200cin South Africa fell 3.8%year-on-year \u200bin January \u200b2025, Statistics South Africa datashowed. * PGM production in South Africa has been declining forseveral years due \u200bto limited \u200cinvestment in new mines over thepast two decades, \u200bNortham Platinum said.<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting by Anushree Mukherjee in Bengaluru; \u200bEditing by Rashmi Aich)<\/p>\n","protected":false},"excerpt":{"rendered":"By Anushree Mukherjee March 16 (Reuters) &#8211; Ruthenium, a minor metal in the platinum-group metals (PGMs), has surged&hellip;\n","protected":false},"author":2,"featured_media":341760,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,343,344,167251,6140,85,46,167250,156987,167249,125],"class_list":["post-341759","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-chemical-processing","tag-data-storage","tag-il","tag-israel","tag-johnson-matthey","tag-ruthenium","tag-supply-constraints","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/341759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=341759"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/341759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/341760"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=341759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=341759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=341759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}