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.

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.

Rhodium price data, historical values, forecasts, and news provided by Money Metals Exchange. Rhodium prices and trends updated regularly to provide accurate market insights.

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.

The Platinum Rhodium Thermocouple Wire market stands at the forefront of precision temperature measurement, where accuracy and reliability are paramount in various industrial applications, including aerospace, automotive, and manufacturing sectors. This specialized thermocouple wire, composed of a fine blend of plat

The Platinum Group Metals Report is Segmented by Metal Type (Platinum, Palladium, Rhodium, and More), Application (Auto Catalysts, Electrical and Electronics, and More), Source (Primary (Mined), Recycled/Secondary), End-Use Industry (Automotive, Industrial Chemicals, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (tons).

Emission Control Catalyst Market was valued at $48.33 B in 2023, and is projected to reach $USD 87.38 B by 2032, at a CAGR of 6.80% from 2023 to 2032.

Global precious metal plating chemicals market worth at USD 2.67 Billion in 2024, is expected to surpass USD 3.68 Billion by 2034, CAGR of 3.4% from 2025 to 2034

Platinum Auto Catalyst Market Outlook

The global market size for Platinum Auto Catalyst is projected to grow from USD 7.5 billion in 2023 to USD 11.2 billion by 2032, reflecting a CAGR of 4.5% during the forecast period. Growth in this market is primarily fueled by the increasing stringency of emission regulations worldwide and the pivotal role of platinum catalysts in reducing vehicular emissions. The demand for cleaner automotive technologies and the adoption of hybrid and electric vehicles are significant contributors to the market's expansion.

One of the primary growth factors driving the Platinum Auto Catalyst market is the global emphasis on reducing environmental pollution. Governments across the globe are implementing stringent emission norms to combat increasing air pollution, which necessitates the use of effective catalytic converters in automobiles. Platinum catalysts, known for their exceptional ability to accelerate chemical reactions without being consumed in the process, are critical in converting harmful emissions into less toxic substances. This regulation-driven demand is expected to maintain a steady growth trajectory for the market.

Technological advancements in automotive engineering are also a significant growth factor for the Platinum Auto Catalyst market. Innovations in catalyst formulations and manufacturing processes have made these catalysts more efficient and cost-effective. Moreover, the shift towards electric and hybrid vehicles, which still rely on internal combustion engines for auxiliary power, continues to drive demand for advanced catalytic solutions. As manufacturers strive to meet the dual goals of performance and environmental compliance, the role of platinum-based catalysts is increasingly indispensable.

Another key driver is the rising consumer awareness regarding the environmental impact of their vehicle choices. With a growing segment of eco-conscious consumers, there is heightened demand for vehicles that offer lower emissions. Automotive manufacturers are responding to this demand by incorporating advanced catalytic technologies to meet both regulatory standards and consumer expectations. Additionally, economic growth in emerging markets is increasing vehicle ownership rates, further bolstering the need for effective emission control solutions.

Regionally, the market outlook remains robust with different growth dynamics across various geographies. In regions such as Asia Pacific and North America, stringent regulatory frameworks and high vehicle production rates are driving substantial demand. Europe, known for its rigorous environmental standards, continues to lead in technological adoption within the sector. The Middle East and Africa, although smaller in market share, are showing incremental growth driven by economic development and increasing vehicle sales. Latin America is also expected to see a steady rise, supported by evolving emission norms and economic growth.

Product Type Analysis

The Platinum Auto Catalyst market is segmented by product type into Platinum-Rhodium Catalysts, Platinum-Palladium Catalysts, Platinum-Iridium Catalysts, and others. Each type has distinct properties and applications, making them suitable for different catalytic processes in the automotive industry. Platinum-Rhodium Catalysts are primarily used in gasoline engines due to their high thermal stability and excellent catalytic properties. They play a crucial role in converting hydrocarbons, carbon monoxide, and nitrogen oxides into less harmful emissions.

Platinum-Palladium Catalysts are favored for their robustness and cost-efficiency. Palladium, being less expensive than platinum, helps in reducing the overall cost of the catalytic converter without compromising on performance. These catalysts are widely used in both gasoline and diesel engines, making them a versatile option in the market. The combination of platinum and palladium provides a balanced approach to emission control, ensuring high efficiency across a wide range of operating conditions.

Platinum-Iridium Catalysts, though less common, are used in specialized applications where extreme durability and high-temperature tolerance are required. Iridium, being one of the most corrosion-resistant metals, enhances the longevity and performance of the catalyst under harsh conditions. These catalysts find applications in high-performance vehicles and specific industrial uses, where reliability and durability are paramount.

Other platinum-based catalysts include various alloy formulations and coa