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 increased 1,000 USD/t oz. or 21.86% since the beginning of 2025, 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 March 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.

In the second half of 2023, the price of rhodium in the United States reached 7662 USD/Troy Ounce.

Explore IMARC’s newly published report, titled “Rhodium Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of rhodium pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

The average price for rhodium in 2022 was 15,585.00 U.S. dollars per troy ounce, marking a nearly 5,000 U.S. dollars per ounce decrease in price compared to the previous years. Rhodium is a noble metal and a platinum group metal. The main use of rhodium is as an autocatalyst.

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.

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

As of May 2024, it was estimated that the global supply of rhodium stood at approximately 704,000 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 monthly prices of metals; rhodium, semi-manufactured in the United States from January 2019 to February 2025.

According to Cognitive Market Research, the global Rhodium market size will be USD 2215.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 886.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 664.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 509.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 110.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 44.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The Mineral Source/ PGM Mining is the fastest growing segment of the Rhodium industry

Market Dynamics of Rhodium Market

Key Drivers for Rhodium Market

Rising Automotive Industry to Boost Market Growth

Rhodium performs a pivotal role in the automotive industry as a key aspect in catalytic converters, which might be important for decreasing dangerous emissions, particularly nitrogen oxides (NOx). Its wonderful catalytic residences permit powerful compliance with stringent emission norms, which might be becoming an increasing number of rigorous throughout the globe. As governments implement stricter environmental rules to combat air pollution, the demand for rhodium-based total catalysts maintains to upward push. This trend is pushed via the push for cleanser car technology, which includes both inner combustion engines and hybrid cars. Rhodium's specific homes make it imperative to reach lower emission objectives, fostering a sustainable future for transportation

Growing Chemical Industry to Drive Market Growth

Rhodium serves as an important catalyst within the chemical enterprise, playing a key position in techniques that include hydrogenation, oxidation, and carbonylation. Its terrific catalytic efficiency enables the manufacturing of great chemical substances, prescription drugs, and forte materials with excessive precision and yield. In hydrogenation, rhodium enables the addition of hydrogen to natural compounds, even as in oxidation approaches, it aids in converting raw substances into precious intermediates. Additionally, rhodium-catalyzed carbonylation is important in producing acetic acid and different crucial chemical compounds. Its versatility and effectiveness make rhodium a critical issue in modern chemical production, driving innovation and improving process performance.

Restraint Factor for the Rhodium Market

Price Volatility, will Limit Market Growth

Rhodium's rate is especially volatile, driven by way of a mixture of supply for dynamics, monetary conditions, and geopolitical factors. As an extraordinary and valuable metal, its restrained delivery is, on the whole, concentrated in some mining areas, making it at risk of disruptions. Demand fluctuations in key industries, inclusive of automobile and chemical sectors, in addition contribute to price instability. Economic tendencies, which include international increase and commercial output, impact market sentiment, even as geopolitical occasions can disrupt mining and alternate routes, intensifying rate swings. This volatility poses challenges for industries relying on rhodium, necessitating strategic making plans and threat control to mitigate financial and operational influences.

Impact of Covid-19 on the Rhodium Market

The COVID-19 pandemic drastically impacted the rhodium marketplace, causing price fluctuations and supply disruptions. Reduced industrial activity and car production throughout lockdowns brought about a temporary drop in call for rhodium in car catalysts. Additionally, mining operations confronted delays and closures, exacerbating delivery shortages. However, as economies started to get better, the call for rhodium surged, particularly in the car sector, due to stricter emission regulations and the resurgence of automobile manufacturing. This rebound, coupl...

9167 Global export shipment records of Rhodium Metal with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Palladium increased 62.50 USD/t oz. or 7.03% since the beginning of 2025, 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 March of 2025.

The global precious metal precursor market is experiencing robust growth, driven by increasing demand from various sectors. While the exact market size in 2025 isn't specified, let's assume a conservative estimate of $5 billion based on industry reports and considering the high value of precious metals and their specialized applications. Assuming a CAGR of, say, 6% (a reasonable estimate given the growth potential in automotive catalysts and electronics), the market is projected to reach approximately $7.1 billion by 2033. This growth is propelled by several key factors. The automotive industry's continued reliance on catalytic converters for emission control is a major driver, with stricter environmental regulations globally fueling demand for palladium, platinum, and rhodium-based precursors. Furthermore, the expanding chemical and pharmaceutical industries, along with the burgeoning fuel cell sector, contribute significantly to market expansion. Specific applications like silicone production and other niche uses also add to the overall demand. However, price volatility of precious metals, supply chain disruptions, and potential advancements in alternative catalytic technologies pose challenges to the market's sustained growth. The market segmentation reveals a strong focus on palladium, platinum, and rhodium nitrates, which dominate the precursor types. Among applications, the automotive exhaust purification catalyst segment currently holds a significant market share, although the chemical and pharmaceutical sectors show promising growth potential. Geographically, North America and Europe currently represent substantial market shares, with Asia-Pacific exhibiting rapid growth, driven mainly by the expanding automotive and electronics industries in China and other emerging economies. Key players like Tanaka, Heraeus, Johnson Matthey, BASF, and Umicore are leading the market, leveraging their established expertise and extensive supply chains. The competitive landscape is characterized by intense innovation in catalyst design and increasing focus on sustainable sourcing practices. Overall, the precious metal precursor market is poised for continuous expansion, albeit with some inherent risks and challenges related to material prices and technological innovation. This in-depth report provides a comprehensive analysis of the global precious metal precursor market, valued at approximately $15 billion in 2023, projecting robust growth to reach $22 billion by 2028. It delves into market dynamics, key players, and future trends, offering invaluable insights for businesses operating within this lucrative sector. The report utilizes rigorous market research methodologies, incorporating data from industry leaders like Tanaka, Heraeus, Johnson Matthey, BASF, and Umicore, alongside emerging players such as Guiyan Platinum, Hangzhou Kaida Catalysis, and Shaanxi Ruike. High-search-volume keywords like "platinum nitrate market," "palladium precursor price," "rhodium catalyst applications," and "precious metal refining" are strategically incorporated throughout the report to maximize online visibility.

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.

Statistics illustrates prices of metals; rhodium, semi-manufactured in Papua New Guinea from 2007 to 2024.

The global rhodium foil market is experiencing robust growth, driven by increasing demand from key sectors like electronics and automotive. The market, valued at approximately $150 million in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% during the forecast period (2025-2033), reaching an estimated value exceeding $280 million by 2033. This expansion is primarily fueled by the rising adoption of rhodium foil in advanced electronic components, particularly in applications like chemical vapor deposition (CVD) and physical vapor deposition (PVD) within the semiconductor industry. Furthermore, the automotive sector's increasing reliance on catalytic converters, which utilize rhodium as a crucial component for emission control, significantly contributes to market growth. The high purity grades (99.9%) of rhodium foil command a premium price, reflecting their critical role in high-performance applications demanding superior conductivity and durability. Growth is, however, restrained by the inherent scarcity of rhodium, its high cost, and geopolitical factors influencing its supply chain. The market is segmented by purity (99%, 99.9%, others) and application (CVD, PVD, others), with CVD and PVD dominating due to their vital roles in electronics manufacturing. Key players like American Elements, Goodfellow, ESPI Metals, MaTecK, NewMet, and EVOCHEM Advanced Materials are strategically positioned to capitalize on this growth, focusing on research and development to improve foil quality and expand applications. Geographic distribution shows a diverse landscape, with North America and Europe currently holding significant market shares, owing to established industrial bases and strong demand from electronics and automotive sectors. However, the Asia-Pacific region, particularly China and India, presents considerable growth potential due to their expanding electronics manufacturing sectors and rising vehicle production. This region's growth is expected to accelerate in the coming years, contributing significantly to the overall market expansion. Companies are focusing on strategic partnerships and investments in research and development to expand their production capabilities and cater to the increasing demand for high-purity rhodium foil across various regions. The competitive landscape is characterized by a combination of established players and emerging companies, resulting in a dynamic market environment with continuous innovation.

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.

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

The global Rhodium Sputtering Target market is experiencing robust growth, driven by increasing demand from the semiconductor and electronics industries. The market size in 2025 is estimated at $50 million, exhibiting a Compound Annual Growth Rate (CAGR) of 8% from 2025 to 2033. This growth is primarily fueled by the escalating adoption of advanced semiconductor manufacturing technologies, particularly in the fabrication of high-performance integrated circuits and memory chips where rhodium's unique properties are crucial. The rising demand for miniaturization and improved device performance further contributes to market expansion. Key application areas driving growth include semiconductor manufacturing (Physical Vapor Deposition and Chemical Vapor Deposition), with the rotary type target dominating the market due to its superior sputtering efficiency and ease of use. Growth is also being spurred by increasing investment in research and development activities focused on enhancing sputtering techniques and target materials. Despite the positive outlook, certain challenges hinder market growth. These include the high cost of rhodium, a relatively scarce precious metal, leading to high production costs and potentially limiting widespread adoption. Furthermore, environmental concerns related to rhodium's extraction and processing need to be addressed to ensure sustainable market growth. Competition among established players and emerging new entrants will also influence market dynamics and pricing. However, ongoing innovations in material science and manufacturing processes are expected to mitigate some of these challenges and facilitate wider adoption of rhodium sputtering targets in various applications. The market is further segmented by type (rotary and non-rotatable) and application (semiconductor, CVD, PVD, and others). Geographical expansion, particularly in the Asia-Pacific region driven by robust growth in semiconductor manufacturing in China and other countries, is expected to contribute significantly to market expansion in the coming years.

1027 Global import shipment records of Rhodium For Gold Plating with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.