Haiti has something much more valuable than its gold and oil.

Haiti which is the poorest country in the west have an estimated amount of $20 billion gold reserves.

Not just gold it also has untapped reserves of oil and natural gas.
But a few years ago, much more rare material was discovered in Haiti.
And that is iridium, one of the rare Earth metals.

Iridium in Haiti is found in large quantities in Haiti’s southeast.
Iridium reserves in Haiti is said to be second largest in the world after South Africa

Iridium is a rare metal and is much more valuable than gold.

In 2020 the average price per ounce was $2550 but in 2021 the value reached $6000 per ounce, three times the price of gold for the same year.
Iridium is known for its strong corrosion resistance, hardness, and high melting point.

Iridium is mostly used for aircraft engines, but also for deep water pipeline and even is now being used for manufacture 5G smartphones.

Iridium is also used in military equipment’s especially as a neutron source. Iridium-192 or iridium-192m is often used in weapons because they are fissile enough to produce a nuclear explosion and have high half life then uranium.

Iridium is used in the production of neptunium and plutonium isotopes for atomic weapons and satellites.

Iridium is often used in nuclear energy applications. For example, reactor fuel is alloyed with iridium to make it able to withstand higher temperatures because of absorbing quantized vibrational energy from gamma rays.

Iridium has many uses and iridium mining can allow for revival of Haiti’s economy and creation of millions of jobs.

But again, all these things will slip away from the hands of government and Haitians to criminal gangs and foreign billionaire tycoons.

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attribution:
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