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Iridium is normally found in naturally-occurring alloys, which makes the answer not quite either of those things. Iridium in its elemental metallic state is fairly inert chemically, so it's not completely ludicrous that a "nugget" of iridium might be found ... if there weren't so very little of it (it's one of the rarest elements in Earth's crust), so that it's much more likely to be found alloyed with copper or platinum.

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Q: Is iridium chemically bonded or does it exist alone?
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