Rhodium price data, historical values, forecasts, and news provided by Money Metals Exchange. Rhodium prices and trends updated regularly to provide accurate market insights.

Rhodium traded flat at 7,500 USD/t oz. on August 15, 2025. Over the past month, Rhodium's price has risen 29.87%, and is up 57.89% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rhodium - values, historical data, forecasts and news - updated on August of 2025.

Rhodium is a precious metal that removes pollutants from vehicle exhaust fumes. In February 2020, the price of rhodium was 11,665 U.S. dollars per troy ounce. By May 2020, the price decreased to below 8,000 U.S. dollars per ounce. In April 2021, the price rose to a new high of 28,775 U.S dollars, before decreasing throughout 2022 and early 2023. By December 2024, the average price significantly decreased, reaching around 4,575 U.S. dollars per troy ounce. In comparison, the price for an ounce of rhodium was approximately 5,905 U.S. dollars in August 2022. The rarest metal: Rhodium Rhodium is a rare and precious metal that belongs to the platinum group metals (PGMs), along with platinum, palladium, osmium, iridium, and ruthenium. Due to its scarcity, it is one of the most valuable metals in the world, often exceeding the price of gold. Rhodium is extensively used in the automotive industry to manufacture catalytic converters that reduce harmful emissions. Over the last few years, even with a steady supply, Rhodium demand has risen significantly, exceeding supply due to stricter emission regulations and advancements in the automobile industry. The significance of PGMs in South Africa South Africa is rich in various natural resources, such as metals and minerals. For example, almost all of the total global reserves of PGMs are in South Africa. In 2023, PGMs generated the highest revenue share in the South African mining sector compared to other commodities, amounting to 370 billion rands.

Gold and silver prices increased over the course of 2021, but these did not grow as fast as the prices of iridium and, especially, rhodium. According to a comparison of price indices, the price for rhodium - a precious metal similar to platinum and used especially in catalytic converters of cars - was ten times higher in April 2021 than it was in January 2019. The price hike for rhodium was apparently caused by coronavirus-related lockdowns implemented in South Africa, where mining companies had to close for several weeks.

Palladium fell to 1,097.50 USD/t.oz on August 15, 2025, down 3.26% from the previous day. Over the past month, Palladium's price has fallen 14.79%, but it is still 17.07% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palladium - values, historical data, forecasts and news - updated on August of 2025.

The global rhodium market size reached USD 2.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 3.4 Billion by 2033, exhibiting a growth rate (CAGR) of 5.18% during 2025-2033. The rising demand for catalytic converters from the automotive industry, growing demand for EVs, their unique catalytic properties, and expanding product application across diverse industries such as electronics, chemical, and jewelry are some of the major factors propelling the market.

IMARC Group provides an analysis of the key trends in each segment of the global rhodium market report, along with forecasts at the global, regional and country levels for 2025-2033. Our report has categorized the market based on source, product type, application, and end use industry.

Explore the dynamic market price of platinum, influenced by industrial demand in the automotive sector, geopolitical events, mining outputs, inflation, and currency fluctuations. Gain insights into how investor sentiment and technological advancements shape this precious metal's valuation.

As of May 2025, it was estimated that the global supply of rhodium stood at approximately 691,000 ounces. Rhodium is considered one of the rarest and most valuable metals in the world. Rhodium: the rare PGM Rhodium is a silver-colored platinum group metal (PGM) that is highly reflective and resistant to corrosion and oxidation. Platinum group metals include rhodium, platinum, ruthenium, iridium, osmium, and palladium. Rhodium is the rarest metal in the platinum family and occurs in the Earth’s crust at a rate of around one part per 200 million. It is primarily used in catalytic converters to clean motor emissions or as a finishing metal for jewelry. Despite having a stable supply globally, the demand for rhodium has been increasing over time. Platinum-group metals: expensive precious metals Platinum-group metal mine production has been stable in recent years. Platinum is one of the most expensive metals to produce due to its low concentration within the ore from which it is mined. The price of production varies greatly between the countries in which it is produced, with South Africa having the highest cost of production for platinum. The world’s leading producer of platinum as of 2019 was Anglo American Platinum Ltd.

Precious Metal Recovery Market Outlook

The global precious metal recovery market is witnessing a significant expansion, with a market size valued at approximately USD 21 billion in 2023 and projected to reach around USD 38 billion by 2032, growing at a robust CAGR of 6.5% from 2024 to 2032. The growth of this market is primarily driven by the increasing demand for sustainable and efficient recycling processes in various industries, such as electronics and automotive, coupled with technological advancements in recovery processes. As the world becomes more conscious of environmental impacts and resource conservation, the emphasis on recovering valuable metals from waste streams has intensified, providing a lucrative growth trajectory to this market.

One of the significant growth factors in the precious metal recovery market is the escalating volume of electronic waste (e-waste) generated globally. With rapid technological advancements and the resulting obsolescence of gadgets, e-waste is accumulating at an unprecedented rate, creating a vast repository of precious metals waiting to be recovered. Key metals such as gold, silver, palladium, and platinum are abundant in electronic scrap, and their recovery not only offers financial incentives but also reduces environmental pollution. Furthermore, regulatory mandates and policies promoting e-waste recycling augment the growth of the market. Government initiatives around the globe encourage the recycling of electronic components, driving the demand for technologically advanced precious metal recovery solutions.

Another driving factor is the automotive industry's increasing reliance on catalytic converters, which contain precious metals like platinum, palladium, and rhodium. As vehicle production scales up, particularly in emerging economies, the demand for catalytic converter recycling rises significantly. The metal recovery from automotive catalysts not only contributes to resource efficiency but also aids in the compliance with stringent environmental regulations aimed at reducing vehicular emissions. With the continuous development of hybrid and electric vehicles, the automotive sector remains a critical contributor to the growth of the precious metal recovery market.

Moreover, the global emphasis on sustainable industrial practices has led to the adoption of recycling and recovery processes in the chemical and jewelry industries. These industries are investing heavily in recycling techniques to minimize waste and optimize resource utilization, thereby driving market growth. The chemical industry, in particular, involves processes that yield industrial waste containing precious metals, which can be efficiently recycled. Similarly, the jewelry industry, driven by fluctuating precious metal prices and ethical sourcing challenges, is increasingly focusing on metal recovery to meet demand sustainably. This shift towards sustainability is expected to further propel the market expansion.

Noble Metal Recycling has emerged as a pivotal component within the broader context of precious metal recovery. As industries strive to enhance sustainability and resource efficiency, the recycling of noble metals such as gold, platinum, and palladium is gaining traction. These metals, known for their exceptional resistance to corrosion and oxidation, are integral to various high-tech applications, including electronics, automotive catalytic converters, and medical devices. By focusing on the recycling of noble metals, industries not only reduce the environmental impact associated with mining and refining but also secure a stable supply of these critical materials. The advancement of recycling technologies is further enabling the efficient recovery of noble metals from complex waste streams, reinforcing their role in the circular economy.

From a regional perspective, Asia Pacific is expected to dominate the market, owing to rapid industrialization, a surge in electronic manufacturing, and the presence of major automobile producers. North America and Europe follow closely, driven by stringent environmental regulations and advanced technological capabilities. In Latin America and the Middle East & Africa, the market is anticipated to grow steadily, supported by increasing awareness of recycling benefits and ongoing infrastructure developments. These regions are witnessing a gradual shift towards adopting sophisticated recovery technologies to enhance the efficiency and yield of precious metal extraction processes.

Technology Analysis

Rhodium Recycling Market Outlook

The global rhodium recycling market size was valued at USD 1.2 billion in 2023, and it is projected to grow to USD 2.8 billion by 2032, reflecting a compound annual growth rate (CAGR) of 9.8%. This significant growth can be attributed to the increasing demand for sustainable and efficient recycling processes, particularly in sectors such as automotive and electronics, which are the primary sources of rhodium.

One of the primary growth factors for the rhodium recycling market is the escalating price of rhodium itself. Rhodium, a rare and precious metal, has seen a sharp increase in price due to its limited supply and high demand in various industrial applications, particularly in catalytic converters for automotive exhaust systems. This price surge incentivizes industries to invest in recycling processes to recover this valuable metal, thereby driving market growth. Additionally, the stringent environmental regulations and the push towards sustainable industrial practices further bolster the demand for rhodium recycling. Governments and environmental bodies across the globe are enforcing stricter emission norms, which necessitate the use of efficient catalysts, thereby increasing the need for recycled rhodium.

Technological advancements in recycling processes are another pivotal growth factor. Innovations in both pyrometallurgical and hydrometallurgical processes have significantly improved the efficiency and cost-effectiveness of rhodium recovery. These advancements not only reduce the overall costs associated with recycling but also enhance the purity and quality of the recovered rhodium. This technological progress is expected to continue driving the market forward as industries seek more efficient methods to reclaim this precious metal. Moreover, the growing awareness and adoption of circular economy principles, where materials are reused and recycled to minimize waste, are also contributing to the marketÂ’s expansion.

The burgeoning automotive industry, especially in emerging economies, is a significant driver of the rhodium recycling market. With the increasing production and sales of vehicles, particularly those adhering to stricter emission standards, the demand for catalytic converters is on the rise. Rhodium, being a crucial component in these converters, sees heightened demand, thereby propelling the recycling market. Additionally, the expanding electronics industry, with its reliance on rhodium for various high-precision applications, further enhances the market's growth prospects. The need to manage electronic waste sustainably is pushing for efficient recycling methods, providing an impetus to the rhodium recycling market.

Rhodium Sulphate plays a crucial role in the recycling process due to its unique chemical properties. As a compound, it is often utilized in various industrial applications, including catalysts and electroplating, which are significant in the context of rhodium recycling. The ability of Rhodium Sulphate to facilitate efficient chemical reactions makes it a valuable component in the recovery of rhodium from spent materials. This utility not only enhances the recycling efficiency but also contributes to the overall sustainability of the process. As industries continue to seek more effective ways to reclaim rhodium, the demand for Rhodium Sulphate is expected to rise, further driving advancements in recycling technologies.

Regionally, North America and Europe are at the forefront of the rhodium recycling market, driven by stringent environmental regulations and advanced technological capabilities. These regions have established recycling infrastructures and supportive governmental policies that encourage recycling practices. In contrast, the Asia Pacific region is witnessing rapid growth due to its expanding industrial base and increasing environmental consciousness. Countries such as China and India are investing heavily in recycling technologies to manage their growing automotive and electronic waste, thereby contributing significantly to the marketÂ’s growth.

Source Analysis

The automotive catalysts segment is the leading source for rhodium recycling. Automotive catalysts, particularly in catalytic converters, play a crucial role in reducing harmful emissions from vehicles. With the ever-increasing number of vehicles on the road and the implementation of stringent emission norms globally, the demand for catalytic converters has surged. Consequently, the need to recycle

The neutral rhodium(I) square-planar complexes [RhX(CO)2(L)] [X = Cl (3), I (4)] bearing a nitrogen-containing ligand L [diethylamine (a), triethylamine (b), imidazole (c), 1-methylimidazole (d), pyrazole (e), 1-methylpyrazole (f), 3,5-dimethylpyrazole (g)] are straightforwardly obtained from L and [Rh(μ-X)(CO)2]2 [X = Cl (1), I (2)] precursors. The synthesis is extended to the diethylsulfide ligand h for 3h and 4h. According to the CO stretching frequency of 3 and 4, the ranking of the electronic density on the rhodium center follows the order b > a ≈ d > c > g > f ≈ h > e. The X-ray molecular structures of 3a, 3d–3f, 4a, and 4d–4f were determined. Results from variable-temperature 1H and 13C{1H} NMR experiments suggest a fluxional associative ligand exchange for 4c–4h and a supplementary hydrogen-exchange process in 4e and 4g. The oxidative addition reaction of CH3I to complexes 4c–4g affords the neutral dimeric iodo-bridged acetylrhodium(III) complexes [RhI(μ-I)(COCH3)(CO)(L)]2 (6c–6g) in very good isolated yields, whereas 4a gives a mixture of neutral 6a and dianionic [RhI2(μ-I)(COCH3)(CO)][NHMeEt2]2 and 4h exclusively provides the analogue dianionic complex with [SMeEt2]+ as the counterion. X-ray molecular structures for 6d2 and 6e reveal that the two apical CO ligands are in mutual cis positions, as are the two apical d and e ligands, whereas isomer 6d1 is centrosymmetric. Further reactions of 6d and 6e with CO or ligand e gave quantitatively the monomeric complexes RhI2(COCH3)(CO)2(d) and RhI2(COCH3)(CO)(e)2, respectively, as confirmed by their X-ray structures. The initial rate of CH3I oxidative addition to 4 as determined by IR monitoring is dependent on the nature of the nitrogen-containing ligand. For 4a and 4h, reaction rates similar to those of the well-known rhodium anionic [RhI2(CO)2]− species are observed and are consistent with the formation of this intermediate species through methylation of the a and h ligands. The reaction rates are reduced significantly when using imidazole and pyrazole ligands and involve the direct oxidative addition of CH3I to the neutral complexes 4c–4g. Complexes 4c and 4d react around 5–10 times faster than 4e–4g mainly because of electronic effects. The lowest reactivity of 4f toward CH3I is attributed to the steric effect of the coordinated ligand, as supported by the X-ray structure.