Rhodium traded flat at 5,700 USD/t oz. on July 11, 2025. Over the past month, Rhodium's price has risen 3.64%, and is up 23.91% 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 July of 2025.

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 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.

The average price for rhodium in 2023 was roughly 6,660 U.S. dollars per troy ounce, marking a decrease of almost 9,000 U.S. dollars per ounce in price compared to the previous year. Rhodium is a noble metal and a platinum group metal. The main use of rhodium is as an autocatalyst.

Get the latest insights on price movement and trend analysis of Rhodium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Palladium fell to 1,236.50 USD/t.oz on July 14, 2025, down 3.96% from the previous day. Over the past month, Palladium's price has risen 20.58%, and is up 31.82% compared to the same time last year, 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 July of 2025.

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.

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.

The Japan rhodium market size reached USD 70.6 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 118.7 Million by 2033, exhibiting a growth rate (CAGR) of 5.4% during 2025-2033. The escalating demand from automotive sector, the implementation of stringent environmental regulations and emission standards, the increasing investments in precious metals, and the growing preference for electric vehicles (EV) represent some of the key factors driving the market.

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

The GCC Rhodium market size is expected to exhibit a growth rate (CAGR) of 5.60% during 2025-2033. The expanding automotive sector, the rising demand for rhodium, the widespread adoption of rhodium in jewelry and luxury goods, and the growing popularity of rhodium among investors and distributors represent some of the key factors driving the market.

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

The table includes 22 products with the active ingredient Rhodium.

In 2025, the price of platinum is forecast to hover around 1,150 U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to 1,700 U.S. dollars.

Precious metals

Precious metals are counted among the most valuable commodities worldwide. The most well known such metals are gold, silver and the platinum group metals. A precious metal can be used as an industrial commodity or as an investment. The major areas of application include the following sectors: technology, car-making, industrial manufacturing and jewelry making. Furthermore, gold and silver are used as coinage metals, and gold reserves are held by the central banks of many countries worldwide in order to store value or for use as a redemption medium. The idea behind this procedure is that gold reserves will help secure and stabilize the countries’ respective currencies. At 8,100 tons, the United States is the country with the most extensive stock of gold. It is kept in an underground vault at the New York Federal Reserve Bank.

Russia, the United States, Canada, South Africa and China are the main producers of precious metals. Silver is the most abundant of the metals, followed by gold and palladium. Barrick Gold is the world’s largest gold mining company. The Toronto-based firm produced some five million ounces of gold in 2020. The leading silver producers include Mexico-based Fresnillo, Poland’s KGHM Polska Miedž and the mining giant Glencore. Anglo Platinum and Impala are the key mining companies to produce platinum group metals.

In 2023, Silver prices are expected to settle at around 23.5 U.S. dollars per troy ounce. It is expected to remain the precious metal with the lowest value per ounce. The price of gold is forecast to drop to around 1,663 U.S. dollars per ounce, making it the most expensive precious metal in 2023.

The data in Ni_Cr_PGE shapefile was obtained by compiling records of sites containing nickel, chromium, or one of the platinum group elements from published databases and one in-house database. A basic set of data: name, latitude, longitude, commodities, record type, and reference were added to a database.

This address was presented at the 2007 Australian Nickel Conference held in Perth, 24-25 October 2007. On the 16 May 2007, the price of nickel metal rose to an all-time record of US$54,200 per tonne, surpassing the previous highest price of $US23,900/t reached in 1988. The nickel price has been surging in response to strong demands, constrained supplies and low metal stockpiles, all reflecting robust worldwide economic growth and especially China's huge need for raw materials. Similar global pressures have also caused the prices of other metals, such as platinum, palladium rhodium, and copper, to rise in recent years. Economic quantities of nickel, platinum, palladium, and rhodium are concentrated in mafic-ultramafic igneous rocks. These particular rocks are a focus for minerals exploration in Australia which has witnessed significant nickel discoveries in past exploration booms. To assist the mining industry during these buoyant times, Geoscience Australia has released a new 1:4 000 000 scale colour map 'A Synthesis of Australian Proterozoic Mafic-Ultramafic Magmatic Events. Part 2: Northern Territory and South Australia'. For the first time on a single map, the continental extent and age relationships of Proterozoic mafic and ultramafic rocks, and associated mineral deposits are shown throughout the Northern Territory and South Australia. Part 1 of this map series that summarises the Proterozoic mafic-ultramafic magmatic events of Western Australia can be found at www.ga.gov.au/minerals/research/pubs/presentations/MUM_ni_mineralisation.jsp The major objective of this presentation is to promote the applications of the new Proterozoic mafic-ultramafic magmatic events map of the Northern Territory and South Australia.