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 rose to 6,250 USD/t oz. on July 24, 2025, up 4.17% from the previous day. Over the past month, Rhodium's price has risen 15.21%, and is up 34.41% 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 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).

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 rose to 1,326 USD/t.oz on July 22, 2025, up 1.34% from the previous day. Over the past month, Palladium's price has risen 21.82%, and is up 47.91% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palladium - values, historical data, forecasts and news - updated on July of 2025.

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.

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.

Statistics illustrates consumption, production, prices, and trade of Metals; rhodium, semi-manufactured in New Zealand from 2007 to 2024.

7107 Global export shipment records of Rhodium Metal with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

1352 Global import shipment records of Rhodium Powder with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The rhodium recycling market is experiencing robust growth, driven by increasing demand from the automotive industry (catalytic converters) and the jewelry sector. While precise market sizing data is unavailable, a reasonable estimation, considering typical CAGR for precious metals recycling and the current market value of rhodium, would place the 2025 market size at approximately $500 million. A conservative Compound Annual Growth Rate (CAGR) of 8% from 2025 to 2033 is projected, reflecting ongoing growth in vehicle production and the continued appeal of rhodium in high-end jewelry. This growth is further fueled by technological advancements in recycling processes, leading to higher recovery rates and reduced environmental impact. Key players, including Umicore, Johnson Matthey, and Heraeus, are strategically investing in research and development to improve efficiency and expand their capacity within this lucrative market segment. The 0.999 purity grade segment currently dominates the market, reflecting the stringent purity requirements for many applications. However, the demand for higher purity grades (0.9995 and 0.9999) is also expected to witness significant growth, particularly within the specialized electronics and pharmaceutical sectors. Geopolitically, North America and Europe currently hold the largest market shares, but the Asia-Pacific region, particularly China and India, presents a significant growth opportunity due to increasing industrialization and rising consumer demand. Market restraints primarily involve the fluctuating price of rhodium, impacting the economic viability of recycling operations. Furthermore, the complexity of separating rhodium from other precious metals in various waste streams presents technological challenges. However, ongoing innovation in hydrometallurgical and pyrometallurgical processes is steadily addressing these limitations, paving the way for greater market penetration and increased recycling rates. The market segmentation by application (jewelry, catalysts, others) and type (purity levels) provides valuable insights into the specific demand drivers within the industry and allows for targeted market strategies by both existing and emerging players. Future projections anticipate a continued upward trajectory, fueled by stringent environmental regulations promoting responsible waste management and the ongoing demand for rhodium in key applications.

117172 Global export shipment records of Rhodium with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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.

71 Global import shipment records of Rhodium with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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.

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.