Ruthenium Market Overview

This blog post will cover the Ruthenium Market and provide an Supply/Demand Overview
If your interested in a full length subscription report on Ruthenium, please contact met.

First of all, some perspective on the Precious Metals Supply and Market Size

All Precious Metals Mined + Recycle Supply & Total Avail. Revenue $385B, Ruthenium only $743M.

S. African Dominance In Ru Supply

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Ruthenium Demand (Market Segment CAGR 2020-2025)

​Long Term View- Ruthenium Fix

​Sputter Materials Supply Chain
PVD Target Supply Chain Example

Summary Of Emerging Ru Electronics Applications

​SST-MRAM Non Volatile Memory Market

MRAM Motivation: 
Cost, Performance, & Lower Power Consumption

​Semi Damascene Basic Flow
IC Interconnect Structure

​Electrochromic Glass

Hydrous ruthenium oxide thin films deposited on ITO coated glass from an aqueous ruthenium chloride solution, or by direct PVD sputter. The cyclic voltammograms of this material show the capacitive behavior including two redox reaction peaks in each cathodic and anodic scan. The ruthenium oxide thin film electrode exhibits a 50% modulation of optical transmittance at 670 nm wavelength with capacitor charge/discharge.

• A client of mine, Gentex Corporation in Zeeland Michigan, holds 33% of the global rear view market, and approximately 50% of the EC Rear View Market.
• $1.86B in revenue (2019) including aerospace and other display products
• Gentex Ruthenium PVD Targets:
• Known Ru Pool and Ru Consumption
• Global Glass EC Market Ruthenium:
• 42 koz in global Glass EC Pool Accts
• u5.6 koz/year global Glass EC in Ru Consumption

​Ruthenium Net Demand Trend

​Ru Price Outlook & Market Balance

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Contact Matt Watson at
+1 (925) 321-2686
[email protected]