Salzgitter AG & Umicore's Metal Deposition Solutions jointly developed a process recovering iridium from electro-galvanizing anodes, reclaiming approximately one kilogram annually. Iridium ranks among Earth's rarest non-radioactive metals, global production reaching merely 10,000 kg yearly. The element serves critical functions in hydrogen electrolyzers, essential for green hydrogen production supporting decarbonization efforts. Recent price surges exceeding $6,000 per troy ounce rendered recovery economically viable. The partnership combines Umicore's precious metal recycling expertise, Salzgitter Flachstahl's operational capabilities, & Salzgitter Mannesmann Forschung's research proficiencies, demonstrating practical circular economy implementation addressing strategic raw material security.