Osmium Market Growth 2018-2025 |Key Players Ceimig Limited, American Elements, Reade International Corp

Osmium is a chemical element represented by the symbol Os and has seven naturally occurring isotopes. It belongs to the platinum group and is obtained when platinum is extracted from ores such as osmiridium and iridosmine. Osmium is found in alloys of iridium and in traces of metals such as nickel and copper, and is highly volatile and water soluble in nature. It is a hard and brittle metal that remains lustrous even at high temperatures.

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Osmium concentrates are manufactured as a by-product of copper and nickel mining or while isolating platinum metal from its ores. Distillation or organic solvent extraction of these ores yield volatile osmium tetroxide (OsO4), which is collected and precipitated using potassium hydroxide. The resultant salt is reduced and roasted to yield a fine power of osmium.

Osmium offers a wide variety of medical applications. For instance, an alloy of 90% platinum and 10% osmium is used in surgical implants such as pacemakers and replacement heart valves due to its inertness. Furthermore, osmium tetroxide aids in fingerprint detection and staining fatty tissues using electron and optical microscopy.

A major factor that drives growth of the global osmium market is its remarkable properties such as stability and hardness. These properties help in manufacturing high quality ballpoint and fountain pens, electrical contacts, jewelry such as rings, record player needles, long life gramophone needles, compass needles, instrument pivots, and other devices prone to frequent wear and tear.

Key players operating in the global osmium market include Ceimig Limited, American Elements, Reade International Corp, Cleantech, and others.

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