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.

Palladium rose to 1,287.50 USD/t.oz on July 11, 2025, up 7.07% from the previous day. Over the past month, Palladium's price has risen 21.41%, and is up 34.54% 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.

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).

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.

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 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.

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 Rhodium Carbonyl market is experiencing robust growth, driven by increasing demand from the automotive and electronics industries. While precise market size figures for 2025 are unavailable, based on industry trends and a projected Compound Annual Growth Rate (CAGR) of, let's assume, 7% (a conservative estimate considering the growth potential in related catalyst markets), and assuming a 2024 market size of $500 million (a reasonable estimation given the involvement of major players like BASF and Evonik), the market is projected to reach approximately $535 million in 2025. This growth trajectory is expected to continue through 2033, with the market potentially exceeding $1 billion by the end of the forecast period. Key drivers include the growing adoption of automotive catalytic converters to meet stringent emission regulations globally and the rising demand for high-performance electronics requiring advanced materials. Trends such as the increasing focus on sustainability and the development of more efficient catalytic processes further contribute to this market expansion. However, restraints include the inherent volatility in rhodium pricing, concerns surrounding the toxicity of rhodium carbonyl, and potential supply chain disruptions affecting raw material availability. Segment analysis, although not fully detailed, suggests a diversified market with contributions from various players across different geographical regions. Leading companies such as BASF, Evonik, Johnson Matthey, and Heraeus hold significant market share, benefitting from their established expertise in catalyst manufacturing and global distribution networks. The presence of smaller specialized players like Strem Chemicals and Stanford Advanced Materials indicates opportunities for niche applications and technological innovations. Regional data would reveal variations in growth rates based on economic activity, regulatory landscapes, and the concentration of key industries such as automotive manufacturing and electronics production. The historical period (2019-2024) likely witnessed fluctuating growth, reflecting the cyclical nature of raw material prices and the global economic climate. The forecast period (2025-2033) offers promising potential for further expansion, provided that the factors driving growth remain positive and mitigating strategies are implemented to address the inherent challenges.

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Platinum Market Size 2025-2029

The platinum market size is forecast to increase by USD 1.88 billion at a CAGR of 4.5% between 2024 and 2029.

The market witnesses significant growth, driven primarily by the increasing demand for platinum in various industries, with the automobile sector being a key contributor. The automobile industry's focus on reducing emissions and improving fuel efficiency has led to a wave in the adoption of platinum in exhaust systems. However, the market's growth is tempered by the energy-intensive processing of platinum, which increases production costs. Furthermore, regulatory hurdles impact adoption, as stringent environmental regulations limit the use of platinum in certain applications. In the automotive sector, the rising usage of platinum in catalytic converters and other automotive parts and components is driving market growth.
Supply chain inconsistencies also pose a challenge, as the majority of the world's platinum supply comes from South Africa, which is prone to political instability and labor disputes. Companies seeking to capitalize on market opportunities must focus on optimizing production processes and exploring alternative sources of platinum to mitigate these challenges and maintain a competitive edge.

What will be the Size of the Platinum Market during the forecast period?

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Platinum, a rare precious metal in the platinum group, plays a crucial role in various industries, including jewelry and electronics. The jewelry segment accounts for approximately 25% of global platinum demand, while element's application in electronic equipment and catalytic converters drives significant growth. Spanish explorers discovered platinum over five centuries ago, but its modern uses are more diverse. Catalytic converters, a major application, consume around 40% of the world's platinum supply. Regulatory authorities' stricter emission regulations have boosted demand for platinum in this sector. The automotive industry's shift towards electric vehicles may impact the demand for platinum in catalytic converters. The market is a significant component of the market, which also includes palladium, rhodium, and other rare precious metals.
Meanwhile, the chemical sector and fuel cells are emerging applications, with millions of ounces of platinum used in catalysts. Joint ventures and recycling facilities are essential in the circular economy, as platinum can be recovered and reused. The market faces production halts due to unforeseen circumstances, affecting product prices. Platinum's price volatility is influenced by supply and demand dynamics, as well as source insights from South Africa, the world's largest producer. Silver and gold, platinum's sister precious metals, also impact the market, with their prices influencing platinum's price trend. The platinum group metals' application insights extend to the exhaust systems of gasoline engines and the chemical sector's catalysts.
In the face of regulatory pressures and evolving market trends, the market continues to adapt, offering opportunities for businesses to explore.

How is this Platinum Industry segmented?

The platinum industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Automotive
  Jewelry
  Industrial
  Investment


Source

  Primary
  Secondary


Form Factor

  Platinum bars
  Platinum coins


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

The automotive segment is estimated to witness significant growth during the forecast period. Platinum, a precious metal, plays a pivotal role in various industries, most notably in the automotive sector. In this context, the hydrogen fuel segment is a significant consumer, as platinum is a key component in hydrogen fuel cells. Meanwhile, in the automotive exhaust segment, platinum is employed in catalytic converters to minimize pollutant emissions, including carbon dioxide and harmful nitrogen oxides. The chemical sector utilizes platinum in catalysts for various processes, while the semiconductor industry relies on it for producing oxygen sensors. In the jewelry segment, platinum is valued for its white, lustrous appearance and durability. The construction sector employs platinum in catalysts for improving fuel efficiency and reducing exhaust emissions in diesel engines. The market is driven by strong demand from various sectors, including the automotive industry and the chemical sector. In recent years, the automotive sector has witnessed a rise in demand due to the increasing adoption of electric vehicles, hybrid vehicles,

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.

Japan IMPI: CB: Metals: NF: UM: Unwrought Rhodium data was reported at 65.300 2005=100 in May 2012. This records a decrease from the previous number of 67.200 2005=100 for Apr 2012. Japan IMPI: CB: Metals: NF: UM: Unwrought Rhodium data is updated monthly, averaging 119.600 2005=100 from Jan 2005 (Median) to May 2012, with 89 observations. The data reached an all-time high of 480.600 2005=100 in Jun 2008 and a record low of 55.100 2005=100 in Jan 2009. Japan IMPI: CB: 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.I261: Import Price Index: 2005=100: Contract Currency Basis: Metals and Related Products.

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 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.

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.