Rhodium rose to 8,050 USD/t oz. on December 2, 2025, up 0.94% from the previous day. Over the past month, Rhodium's price has fallen 1.23%, but it is still 75.96% 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 December 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.

Current spot price plus 1-month and 1-year forecasts for Rhodium as published on ChAI Predict.

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 1,428.50 USD/t.oz on December 2, 2025, up 0.53% from the previous day. Over the past month, Palladium's price has fallen 1.11%, but it is still 47.88% 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 December 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.

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.

339 Global export shipment records of Rhodium Metal 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.

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

10864 Global import shipment records of Rhodium,metal 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.

9356 Global exporters importers export import shipment records of Rhodium with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

4678 Global export shipment records of Rhodium with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

37313 Global import shipment records of Rhodium Gold with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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.

Snapshot img

Platinum Market Size 2025-2029

The platinum market size is valued to increase USD 1.88 billion, at a CAGR of 4.5% from 2024 to 2029. Growing demand for platinum in various industries will drive the platinum market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 53% growth during the forecast period.
By End-user - Automotive segment was valued at USD 2.71 billion in 2023
By Source - Primary segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 39.16 million
Market Future Opportunities: USD 1883.30 million
CAGR from 2024 to 2029 : 4.5%

Market Summary

The market is a dynamic and evolving entity, driven by the increasing demand for this precious metal in various industries. One of the primary sectors fueling this growth is the automobile industry, where platinum is extensively used in exhaust systems to reduce emissions. The energy-intensive processing of platinum further underscores its value and demand. According to recent reports, the automotive sector accounts for approximately 40% of global platinum demand. As regulatory pressures mount to reduce emissions and improve fuel efficiency, the demand for platinum in catalytic converters is expected to continue growing.
However, challenges such as price volatility and the availability of alternative materials pose significant obstacles to market expansion. Despite these hurdles, the market presents numerous opportunities for innovation and growth, particularly in the development of cost-effective and sustainable platinum alternatives.

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

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Platinum Market 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, particularly in the automotive sector, where it contributes to reducing emissions of harmful gases like CO2 and NO2 through catalytic conversion. In addition to automotive catalysts, platinum finds extensive use in other automobile components, such as antilock braking systems, airbag initiators, and spark plugs. The demand for platinum in automobiles is propelled by stringent regulations aimed at minimizing emissions and enhancing fuel efficiency. Moreover, the application scope of platinum extends beyond automobiles. In agriculture, platinum-based products offer numerous benefits, including improved nutrient uptake efficiency, enhanced nutrient delivery, and water use efficiency.

These benefits are crucial for crop resilience factors, such as stress tolerance mechanisms, biotic stress resistance, and photosynthesis stimulation. Platinum's role in agriculture also includes the promotion of beneficial microorganisms, integrated pest management, and soil health indicators like soil microbial diversity and soil enzyme activity. The market for platinum in agriculture is experiencing significant growth. According to recent reports, the market is projected to increase by 15%, with a similar growth rate expected in the near future. This expansion is driven by the increasing adoption of sustainable agriculture practices, such as precision agriculture technology, which relies on platinum for enhanced root development enhancement and crop quality attributes.

Furthermore, platinum's role in improving fertilizer use efficiency and potassium availability has garnered significant attention, leading to a 20% increase in demand for platinum-based products in the agricultural sector. Platinum's potential in carbon sequestration is another promising application, with estimates suggesting that platinum-based products could sequester up to 10% of global CO2 emissions. This development aligns with the growing focus on reducing greenhouse gas emissions and mitigating climate change. Additionally, platinum's ability to stimulate plant growth through plant hormone modulation and phosphorus solubilization contributes to plant biomass accumulation and plant disease resistance. In conclusion, the market for platinum in various industries, particularly in automobiles and agriculture, is witnessing continuous growth and innovation.

The syngas-to-ethanol (StE) reaction is a promising alternative route to ethanol from fossil and nonfossil carbon resources. Rh-based catalysts offer the highest ethanol yields so far but suffer from low to moderate CO conversion and high methane selectivity. Despite serious research efforts, ethanol rates and selectivities still need to be improved for industrial application. Current research focuses mainly on improving Rh-based catalysts by the addition of one or usually several promoters. Likewise, peak performance marks have been published readily without considering the catalyst’s long-term stability, and as a consequence, a lack of spent sample characterization still exists. All these circumstances limit our fundamental understanding of promoter effects hampering a rational design of new catalysts. However, an improvement of existing or the development of new catalytic systems is required before the conversion of StE can be economically feasible. Moreover, the drastically increased Rh price over the past five years necessitates the search for an alternative active metal. Still, the replacement of Rh seems to be challenging, although promising results have been achieved by modifying methanol and Fischer-Tropsch synthesis catalysts. Especially, the formation of higher alcohols and oxygenates are often not evitable over Rh-free catalysts. Thus, lowering the Rh content is required rather than replacing Rh in its entirety to develop cost-efficient ethanol synthesis catalysts. An in-depth understanding of Rh’s intrinsic reactivity and the influence of promoters might lead to new strategies for decreasing the Rh content. For this reason, this thesis aims to provide a holistic view of the crucial interplay of Rh–promoter interactions, reaction conditions, and reaction times. The thesis is based on three independent publications covering metal-organic synthesis approaches, detailed catalyst characterizations, formation phase studies, and long-term catalytic investigations. Before more sophisticated catalyst design strategies became viable, specific promoter effects in traditionally prepared Rh-based catalysts needed to be clarified. On this account, a comprehensive study about the stability and formation of Mn- and Fe-promoted Rh/SiO2 catalysts from metal nitrates has been conducted (Paper 1). Four different catalysts were systematically investigated in four different states: calcined, reduced, after long-term catalytic study (>22 days on stream), and after a high-temperature investigation (up to 320 °C). The thorough analysis of each catalyst in the different states led to the identification of specific promoter effects: Fe serves as an electronic modifier on Rh/SiO2 through in situ RhFe nanoalloy formation, whereas MnO is more likely a structural modifier and does not substantially change Rh’s intrinsic product spectrum. In both cases, RhFe nanoalloy formation or creation of Rh–MnO interfacial sites, a close proximity of Rh and the promoter is required. For this reason, a synthesis approach based on molecular single-source precursors (SSP) has been developed using hetero-bimetallic compounds with predefined Rh–Me (Me = Fe or Mn) bonds. Paper 2 highlighted that the SSP approach is a compelling synthesis route toward well-defined bimetallic catalysts, as the Rh–MnO interface could be effectively tuned using a novel Rh3Mn3 carbonyl cluster as SSP. The increase in interfacial sites led to a significantly enhanced ethanol selectivity ranging among the best Rh-based catalysts reported in CO hydrogenation. This SSP approach has been further applied to investigate the formation phase of a RhFeOx/SiO2 model catalyst (Paper 3), as the prevailing nanostructure and the role of RhFe nanoalloys have been controversially discussed in past literature. An extended catalyst characterization before and after the critical formation phase (>140 h on stream) allowed to ascribe a drastic decrease in ethanol formation to a structural change from an unalloyed RhFeOx to an alloyed RhFe/FeOx nanostructure. This investigation explains the great variation of reported catalytic results of RhFe catalysts. Likewise, the relevance of formation phase studies has been demonstrated. Besides specific promoter effects, the stability of Rh-based catalysts over time-on-stream has been addressed by the three related publications. All Rh-based catalysts deactivated within an initial period of 80–120 h on stream depending on catalyst composition and synthesis approach. This deactivation behavior of Rh-based catalysts has not been reported yet. The thorough characterization of the unpromoted and promoted Rh/SiO2 catalysts suggested particle growth through CO-induced sintering, similar to Ostwald ripening reported for Co-based Fischer-Tropsch catalysts. In brief, this thesis demonstrated that Rh-based catalysts undergo significant changes under the influence of high-pressure synthesis gas conditions over time-on-stream. These changes in catalyst structure, morphology, and chemical state have a vital impact on the reactivity and stability of Rh-based catalysts. Whereas current research delivered a more static view on Rh’s reactivity, this work addresses current needs in understanding the stability of Rh-based catalysts and the formation of Rh–promoter interactions under process-relevant reaction conditions. This profound knowledge might serve as a basis for the synthesis of new Rh-based catalysts and might provide the opportunity to lower the Rh content while retaining or even enhancing Rh’s catalytic reactivity.