Ruthenium Prices Surge to $800 Ounce Amid AI Demand Boom
Ruthenium's price has surged to $800 an ounce, driven by rising AI demand.
Key Points
- • Ruthenium prices have nearly doubled to $800 an ounce in 2025.
- • The price matches its peak from 2021 and is nearing the all-time high of $870.
- • The surge is linked to increased demand from high-tech industries, especially AI.
- • Johnson Matthey Plc reports substantial interest in ruthenium, surpassing traditional commodities.
Ruthenium, a notable ultra-rare metal, has seen its price nearly double to $800 an ounce in 2025, primarily driven by an unprecedented demand from the burgeoning artificial intelligence (AI) sector. According to a recent Bloomberg report, this price level not only matches its peak from 2021 but is also inching toward its historical high of $870, last achieved 18 years ago.
The growing interest in ruthenium is attributed to its essential applications across various high-tech industries, including those focusing on AI advancements. Metals refiner Johnson Matthey Plc highlighted the metal's performance, asserting that the current surge overshadows traditional commodities such as gold and silver. This increased focus on ruthenium reflects a broader trend within the commodities market, where tech-driven demands dictate pricing strategies and investment priorities.
As companies invest heavily in AI technologies, the call for ruthenium as a critical component is expected to continue, keeping market observers alert for ongoing price movements. With its status as one of the top-performing commodities of 2025, ruthenium's transformation reflects the evolving landscape of materials needed for next-generation technologies.