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The Economic Times

Economy / The Economic Times

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What is Ruthenium? The rare metal behind the latest price spike

Ruthenium prices have reached an all-time high, driven by surging demand from the AI boom, particularly in data storage and cloud computing. This surge is occurring amidst significant supply constraints, as ruthenium is a by-product of platinum-group metals mining, with South African production declining. Analysts predict a substantial deficit in the coming years.

16 Mar 2026 7:48 pm