Iridium, the rarest of the seven precious metals traded internationally, is showing signs of life as economic growth fuels demand for the commodity used in spark plugs and light-emitting diodes for televisions.
Mount Tongariro, a volcano in New Zealand’s North Island, erupted for the first time in 115 years, creating an ash cloud that closed roads and disrupted regional air travel before moving off the coast.
Djibouti closed its airspace and the main airport yesterday because of an ash cloud emitted by an erupting volcano in neighboring Eritrea, La Nation reported, citing the Horn of Africa nation’s aviation authority.
The volcanic ash cloud that shut down U.K. airspace for six days last month may have cost the travel industry more than 1 billion pounds ($1.5 billion), according to Peter Long , the head of tour operator TUI Travel Plc .
EasyJet Plc, Europe’s No. 2 discount carrier, plans to create an artificial ash cloud with partners Airbus SAS and Nicarnica Aviation in August to trial a detection system designed to help jets avoid volcanic dust.