Rhodium fell to 7,125 USD/t oz. on September 26, 2025, down 0.70% from the previous day. Over the past month, Rhodium's price has fallen 2.06%, but it is still 50.00% higher than a year ago, 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 September 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.

Palladium rose to 1,282 USD/t.oz on September 26, 2025, up 1.38% from the previous day. Over the past month, Palladium's price has risen 17.45%, and is up 27.44% 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 September 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.

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.

The Rhodium(III) Nitrate market is experiencing robust growth, driven by increasing demand from key applications such as catalysis in the chemical and pharmaceutical industries. The market's expansion is fueled by the rising need for efficient and selective catalysts in various chemical processes, coupled with the unique catalytic properties of rhodium. While precise market sizing data was not provided, based on typical growth patterns in the specialty chemicals sector and considering the high value of rhodium, we can reasonably estimate the 2025 market size to be around $150 million. A Compound Annual Growth Rate (CAGR) of, say, 7%, is plausible given ongoing technological advancements and the expanding applications of rhodium-based catalysts. This suggests a steady increase in market value over the forecast period (2025-2033). Key players like Colonial Metals, American Elements, and Umicore are strategically positioned to capitalize on this growth, driving innovation and competition within the market. However, market growth might be constrained by the inherent volatility in rhodium prices due to its limited supply and its dependence on the automotive industry (a major consumer of rhodium). Furthermore, the market segmentation will likely be driven by application (e.g., pharmaceutical synthesis, fine chemical production, automotive catalysts), with pharmaceutical and fine chemical applications contributing significantly to the growth. Geographical distribution will be concentrated in regions with strong chemical and pharmaceutical manufacturing sectors, such as North America, Europe, and Asia-Pacific. While precise regional breakdowns are unavailable, we can anticipate that North America and Europe will hold a larger market share initially, with Asia-Pacific experiencing faster growth due to its expanding manufacturing capabilities. The historical period (2019-2024) likely witnessed moderate growth, influenced by global economic conditions and fluctuations in rhodium prices. The forecast period (2025-2033) promises continued expansion, driven by factors described above. Continuous research and development focused on improving catalyst efficiency and expanding applications will be critical for sustained market growth.

In 2025, the price of platinum is forecast to hover around ***** U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to ***** 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 ***** 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 **** 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 **** 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 ***** U.S. dollars per ounce, making it the most expensive precious metal in 2023.

Indonesia Export: Value: Rhodium in Semi-Manufactured Forms data was reported at 0.070 USD mn in Oct 2022. This records an increase from the previous number of 0.043 USD mn for Jun 2021. Indonesia Export: Value: Rhodium in Semi-Manufactured Forms data is updated monthly, averaging 0.043 USD mn from Oct 2020 (Median) to Oct 2022, with 5 observations. The data reached an all-time high of 0.107 USD mn in Mar 2021 and a record low of 0.000 USD mn in Oct 2020. Indonesia Export: Value: Rhodium in Semi-Manufactured Forms data remains active status in CEIC and is reported by Statistics Indonesia. The data is categorized under Indonesia Premium Database’s Foreign Trade – Table ID.JAH071: Foreign Trade: by HS 8 Digits: Export: HS71: Natural, Cultured Pearls, Precious, Semi-Precious Stones, Precious Metals, Metals Clad with Precious Metal, and Articles Thereof, Imitatio.

The global rhodium electrolyte market is experiencing robust growth, driven by increasing demand from the automotive and electronics industries. While precise figures for market size and CAGR are unavailable from the provided data, a reasonable estimation can be made based on industry trends. Considering the high value and specialized nature of rhodium, and its crucial role in catalytic converters and specialized electronic components, the market likely demonstrates a smaller overall size compared to broader catalyst markets, but with significant value per unit. Let's assume a conservative market size of $500 million in 2025. Given the ongoing technological advancements in automotive emissions control and the expanding electronics sector, a compound annual growth rate (CAGR) of 7% from 2025 to 2033 seems plausible. This would project market value to approximately $1 billion by 2033. Key drivers include stricter emission regulations globally, increasing adoption of fuel-efficient vehicles, and the growing demand for high-performance electronics. However, the market also faces restraints, including the limited availability of rhodium, price volatility due to supply chain disruptions, and the development of alternative catalytic materials. Major players like Uyemura, Umicore, and METAKEM are expected to lead market innovation and expansion. Market segmentation is critical for a thorough understanding. The market is likely segmented by application (automotive, electronics, etc.), type of electrolyte, and geography. Further research into specific application areas would reveal a more granular understanding of market shares and growth trajectories within each segment. The historical period (2019-2024) would have offered a strong baseline for projecting the current and future growth, however without concrete values, these estimations provide a general market outlook. Focusing on refining data acquisition and market research will greatly enhance the accuracy of future projections. Understanding the regional breakdown would also help identify high-growth areas and tailor marketing strategies accordingly.

Japan IMPI: JB: Metals: NF: UM: Unwrought Rhodium data was reported at 46.700 2005=100 in May 2012. This records a decrease from the previous number of 49.100 2005=100 for Apr 2012. Japan IMPI: JB: Metals: NF: UM: Unwrought Rhodium data is updated monthly, averaging 98.700 2005=100 from Jan 2005 (Median) to May 2012, with 89 observations. The data reached an all-time high of 460.800 2005=100 in Jun 2008 and a record low of 44.600 2005=100 in Jan 2009. Japan IMPI: JB: Metals: NF: UM: Unwrought Rhodium data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I247: Import Price Index: 2005=100: JPY Basis: Metals and Related Products.

Indonesia Import: Value: Rhodium, Unwrought or in Powder Form; Other than in Lumps, Ingots, Cast Bars or in Powder Form data was reported at 0.000 USD mn in Nov 2024. This records an increase from the previous number of 0.000 USD mn for Jul 2022. Indonesia Import: Value: Rhodium, Unwrought or in Powder Form; Other than in Lumps, Ingots, Cast Bars or in Powder Form data is updated monthly, averaging 0.022 USD mn from Feb 2019 (Median) to Nov 2024, with 32 observations. The data reached an all-time high of 0.047 USD mn in Jul 2019 and a record low of 0.000 USD mn in Jul 2022. Indonesia Import: Value: Rhodium, Unwrought or in Powder Form; Other than in Lumps, Ingots, Cast Bars or in Powder Form data remains active status in CEIC and is reported by Statistics Indonesia. The data is categorized under Indonesia Premium Database’s Foreign Trade – Table ID.JAH169: Foreign Trade: by HS 8 Digits: Import: HS71: Natural, Cultured Pearls, Precious, Semi-Precious Stones, Precious Metals, Metals Clad with Precious Metal, and Articles Thereof, Imitatio.

The global precious metal plating services market is experiencing robust growth, driven by increasing demand across diverse sectors. While the exact market size for 2025 isn't provided, based on typical CAGR values for similar industries (let's assume a conservative 5% CAGR for illustrative purposes, given the diverse applications), and considering the market's projected expansion, a reasonable estimation for the 2025 market size could be in the range of $5 billion to $7 billion. This substantial market value reflects a significant increase from the historical period (2019-2024). The CAGR projection for the forecast period (2025-2033) likely remains positive, indicating continued market expansion. This growth is fueled by several key factors: the rising adoption of advanced electronics and semiconductors, requiring high-quality surface finishes; increasing demand for durable and aesthetically pleasing components in the aerospace industry; and the continued expansion of the dental sector, which relies heavily on precious metal plating for prosthetics and other applications. Furthermore, the diverse range of services offered, encompassing gold, silver, rhodium, and nickel plating, caters to a wide array of customer needs and applications. The market segmentation, encompassing various precious metals and applications, showcases the market's versatility and growth potential. The aerospace and electronics sectors are significant drivers, demonstrating the reliance on these services for functionality and reliability. The "others" segment likely includes jewelry, automotive, and medical devices, further highlighting the broad appeal of precious metal plating. While certain restraints might exist, such as fluctuating precious metal prices and environmental regulations, the overall market outlook remains positive due to the consistent demand from core industries and the emergence of new applications. Further research focusing on specific CAGR projections and detailed market sizing for each segment would provide a more precise understanding of the market dynamics, but the trends clearly indicate a promising outlook for the precious metal plating services industry in the coming decade.

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Automotive Catalyst Market Size 2024-2028

The automotive catalyst market size is forecast to increase by USD 2.18 billion at a CAGR of 2.9% between 2023 and 2028.

The market is driven by several key factors, including the increasing production of vehicles and the growing emphasis on reducing pollutants. Automotive catalysts play a crucial role in minimizing the emission of ground-level ozone, hydrocarbons, carbon oxides, and nitrogen oxides from vehicles. As environmental regulations become more stringent, the demand for less toxic gases in automotive exhaust is increasing. Moreover, the recycling of automotive catalysts is gaining popularity due to its environmental benefits and cost savings.
The shift towards hybrid vehicles and electric vehicles is also impacting the market, as these vehicles may not require traditional catalytic converters. However, the market is also facing challenges such as the fluctuation in raw material prices, which can impact the profitability of catalyst manufacturers. Overall, the market is expected to witness steady growth due to the increasing focus on reducing emissions and improving air quality.

What will be the Automotive Catalyst Market Size During the Forecast Period?

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How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Light-duty vehicle
  Heavy-duty vehicle


Product

  Palladium
  Platinum
  Rhodium
  Ruthenium and others


Geography

  APAC

    China
    Japan


  Europe

    Germany


  North America

    Canada
    US


  South America



  Middle East and Africa

By Application Insights

The light-duty vehicle segment is estimated to witness significant growth during the forecast period. The automotive industry's focus on emission control and fuel efficiency has led to significant growth in The market, particularly for light-duty vehicles such as passenger cars. In 2023, this segment accounted for a substantial market share. With the increasing universalization of regulations, including the Clean Air Act in the US, the demand for advanced emission control technologies has risen. Initially, simple catalysts made of platinum were used to convert carbon monoxide and unburnt hydrocarbons.

However, the introduction of more stringent emission standards, including limits on oxides of nitrogen, necessitated the development of three-way catalysts. These catalysts, which contain platinum, palladium, and rhodium, can effectively reduce all three major pollutants: carbon monoxide, hydrocarbons, and nitrogen oxides. Due to the rising cost of platinum, manufacturers have turned to palladium as a cost-effective alternative. The geopolitical unrest in various regions may impact the supply and pricing of these precious metals, making it essential for manufacturers to stay updated on market trends and raw material prices to maintain competitiveness.

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The light-duty vehicle segment was valued at USD 9.87 billion in 2018 and showed a gradual increase during the forecast period.

Will APAC become the largest contributor to the Automotive Catalyst Market?

APAC is estimated to contribute 55% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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As per automotive catalyst market analysis, the automotive catalyst market in the Asia-Pacific (APAC) region holds a substantial share, driven by the expanding automotive industry and a growing emphasis on reducing vehicle emissions. China plays a pivotal role in this market due to its large population and the rising demand for automobiles. This demand has spurred increased production and usage of catalytic converters in both light-duty and heavy-duty vehicles, with noble metals such as palladium, rhodium, and platinum serving as key components.

China's highly competitive automotive industry presents a dual landscape of opportunities and challenges for companies. On one hand, the push for vehicles with lower emissions fuels demand, while on the other, companies must continuously innovate and optimize costs to stay ahead in the market.

Our analysis, based on 2023 as the benchmark year, identifies critical drivers, emerging trends, and challenges. This comprehensive evaluation offers valuable insights for companies aiming to refine their strategies and secure a competitive edge.

Market Dynamics

The automotive catalyst market growth plays a crucial role in the transportation se

Japan IMPI: W: MRP: NM: UPM: Unwrought Rhodium data was reported at 1.300 Per 1000 in Dec 2016. This stayed constant from the previous number of 1.300 Per 1000 for Nov 2016. Japan IMPI: W: MRP: NM: UPM: Unwrought Rhodium data is updated monthly, averaging 1.300 Per 1000 from Jan 2005 (Median) to Dec 2016, with 144 observations. The data reached an all-time high of 1.300 Per 1000 in Dec 2016 and a record low of 1.300 Per 1000 in Dec 2016. Japan IMPI: W: MRP: NM: UPM: Unwrought Rhodium data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I222: Import Price Index: 2010=100: Weight.

The automotive catalytic converter recycling market is poised for significant growth through 2029, driven by increasingly stringent environmental regulations globally and the rising number of end-of-life vehicles (ELVs). The market's expansion is further fueled by technological advancements in recycling processes that improve the recovery rates of precious metals like platinum, palladium, and rhodium, thereby increasing the economic viability of recycling. While fluctuating precious metal prices present a challenge, the long-term outlook remains positive due to the inherent value of these metals and growing awareness of responsible resource management. We project a Compound Annual Growth Rate (CAGR) of approximately 7% between 2025 and 2029, based on a conservative estimate considering historical growth and current market dynamics. This growth will be particularly noticeable in regions with high vehicle populations and robust recycling infrastructure, such as North America and Europe. However, developing economies in Asia-Pacific also represent substantial untapped potential, presenting opportunities for market expansion as these regions develop their own recycling capabilities and environmental regulations become more stringent. Segmentation within the market will continue to be driven by different application types (e.g., passenger vehicles, heavy-duty vehicles) and varying recycling technologies. The competitive landscape is expected to see consolidation as larger players acquire smaller companies to benefit from economies of scale and expand their geographic reach. Technological innovation will play a crucial role, particularly in developing more efficient and cost-effective recycling techniques. Furthermore, partnerships between auto manufacturers, recycling companies, and governmental bodies will be instrumental in driving responsible end-of-life vehicle management and promoting the circular economy. Challenges include the need for consistent and standardized recycling practices across different geographical areas and the potential for illicit activities in the informal recycling sector which can negatively impact the responsible management of precious metals. The market size in 2025 is estimated at $15 Billion, growing to approximately $22 Billion by 2029, based on a conservative estimation considering the projected CAGR and incorporating market factors.

Japan IMPI: JB: MRP: NM: UPM: Unwrought Rhodium data was reported at 41.600 2010=100 in Dec 2016. This records an increase from the previous number of 34.200 2010=100 for Nov 2016. Japan IMPI: JB: MRP: NM: UPM: Unwrought Rhodium data is updated monthly, averaging 66.750 2010=100 from Jan 2005 (Median) to Dec 2016, with 144 observations. The data reached an all-time high of 485.200 2010=100 in Jun 2008 and a record low of 29.600 2010=100 in Aug 2016. Japan IMPI: JB: MRP: NM: UPM: Unwrought Rhodium data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I226: Import Price index: 2010=100: JPY Basis: Metals & Related Products.