Iridium edges lower on multiple offers, lack of demand

摘要

Washington—Iridium prices continued to inchndown this week on lower offers by sellers withnexcess inventory.nAs a result, the Platts New York Dealerniridium price slipped to $850-900/oz on Julyn11 from $850-925/oz on July 3.nIridium prices remain under pressure fromntwo large lots offered to the market by anmajor PGMs refiner, according to one tradensource in the New York area, who put iridiumnat $825-900.