A method of making an electrode material for use in spark plugs and other ignition devices including industrial plugs, aviation igniters, glow plugs, or any other device that is used to ignite an air/fuel mixture in an engine. The electrode material is a ruthenium-based material that includes ruthenium as the single largest constituent. The disclosed method includes hot-forming a layered structure that includes a ruthenium-based material core, an interlayer having a refractory metal disposed over the ruthenium-based material core, and a nickel-based cladding disposed over the interlayer.