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 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 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.

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.

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.

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.

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.

This dataset provides values for RHODIUM reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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.

This dataset provides values for RHODIUM reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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.

The average price for iridium in 2023 was nearly 4,700 U.S. dollars per troy ounce, an increase compared to the previous year. This figure was still lower than the peak of 5,100 U.S. dollars recorded in 2021. Iridium is a transition metal and a platinum group metal. It is one of the most corrosion-resistant metals and is also one of the rarest elements in the Earth's crust.

India Exports: Volume: HS: 71103900: Other Rhodium data was reported at 0.040 kg th in 2014. This records an increase from the previous number of 0.030 kg th for 2013. India Exports: Volume: HS: 71103900: Other Rhodium data is updated yearly, averaging 0.035 kg th from Mar 1997 (Median) to 2014, with 14 observations. The data reached an all-time high of 3.210 kg th in 2009 and a record low of 0.000 kg th in 2008. India Exports: Volume: HS: 71103900: Other Rhodium data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under India Premium Database’s Foreign Trade – Table IN.JCV003: Foreign Trade: Harmonized System 8 Digits: By Commodity: HS71: Pearls, Stones, Precious Metals, Imitation Jewellery: Exports: Volume.

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.

India Imports: INR: HS: 28439012: Noble Metal Solutions Of Platinum, Rhodium And Palladium data was reported at 8,630.673 INR mn in 2018. This records an increase from the previous number of 7,114.745 INR mn for 2017. India Imports: INR: HS: 28439012: Noble Metal Solutions Of Platinum, Rhodium And Palladium data is updated yearly, averaging 4,941.804 INR mn from Mar 2004 (Median) to 2018, with 15 observations. The data reached an all-time high of 8,630.673 INR mn in 2018 and a record low of 462.650 INR mn in 2004. India Imports: INR: HS: 28439012: Noble Metal Solutions Of Platinum, Rhodium And Palladium data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under India Premium Database’s Foreign Trade – Table IN.JBE004: Foreign Trade: Harmonized System 8 Digits: By Commodity: HS28: Inorganic Chemicals, Compounds of Precious Metals, Isotopes: Imports: INR.

Graph and download economic data for Producer Price Index by Commodity: Miscellaneous Products: Jewelry, Gold and Platinum (WPU15940222) from Dec 2011 to Feb 2025 about platinum, jewelry, gold, miscellaneous, commodities, PPI, inflation, price index, indexes, price, and USA.

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Automotive Catalyst Market Size 2024-2028

The automotive catalyst market size is forecast to increase by USD 2.18 billion at a CAGR of 2.9% between 2023 and 2028.

The market is driven by several key factors, including the increasing production of vehicles and the growing emphasis on reducing pollutants. Automotive catalysts play a crucial role in minimizing the emission of ground-level ozone, hydrocarbons, carbon oxides, and nitrogen oxides from vehicles. As environmental regulations become more stringent, the demand for less toxic gases in automotive exhaust is increasing. Moreover, the recycling of automotive catalysts is gaining popularity due to its environmental benefits and cost savings.
The shift towards hybrid vehicles and electric vehicles is also impacting the market, as these vehicles may not require traditional catalytic converters. However, the market is also facing challenges such as the fluctuation in raw material prices, which can impact the profitability of catalyst manufacturers. Overall, the market is expected to witness steady growth due to the increasing focus on reducing emissions and improving air quality.

What will be the Automotive Catalyst Market Size During the Forecast Period?

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How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Light-duty vehicle
  Heavy-duty vehicle


Product

  Palladium
  Platinum
  Rhodium
  Ruthenium and others


Geography

  APAC

    China
    Japan


  Europe

    Germany


  North America

    Canada
    US


  South America



  Middle East and Africa

By Application Insights

The light-duty vehicle segment is estimated to witness significant growth during the forecast period. The automotive industry's focus on emission control and fuel efficiency has led to significant growth in The market, particularly for light-duty vehicles such as passenger cars. In 2023, this segment accounted for a substantial market share. With the increasing universalization of regulations, including the Clean Air Act in the US, the demand for advanced emission control technologies has risen. Initially, simple catalysts made of platinum were used to convert carbon monoxide and unburnt hydrocarbons.

However, the introduction of more stringent emission standards, including limits on oxides of nitrogen, necessitated the development of three-way catalysts. These catalysts, which contain platinum, palladium, and rhodium, can effectively reduce all three major pollutants: carbon monoxide, hydrocarbons, and nitrogen oxides. Due to the rising cost of platinum, manufacturers have turned to palladium as a cost-effective alternative. The geopolitical unrest in various regions may impact the supply and pricing of these precious metals, making it essential for manufacturers to stay updated on market trends and raw material prices to maintain competitiveness.

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The light-duty vehicle segment was valued at USD 9.87 billion in 2018 and showed a gradual increase during the forecast period.

Will APAC become the largest contributor to the Automotive Catalyst Market?

APAC is estimated to contribute 55% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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As per automotive catalyst market analysis, the automotive catalyst market in the Asia-Pacific (APAC) region holds a substantial share, driven by the expanding automotive industry and a growing emphasis on reducing vehicle emissions. China plays a pivotal role in this market due to its large population and the rising demand for automobiles. This demand has spurred increased production and usage of catalytic converters in both light-duty and heavy-duty vehicles, with noble metals such as palladium, rhodium, and platinum serving as key components.

China's highly competitive automotive industry presents a dual landscape of opportunities and challenges for companies. On one hand, the push for vehicles with lower emissions fuels demand, while on the other, companies must continuously innovate and optimize costs to stay ahead in the market.

Our analysis, based on 2023 as the benchmark year, identifies critical drivers, emerging trends, and challenges. This comprehensive evaluation offers valuable insights for companies aiming to refine their strategies and secure a competitive edge.

Market Dynamics

The automotive catalyst market growth plays a crucial role in the transpor

China Non Ferrous Metal: Export: Rhodium Plate data was reported at 0.000 Ton th in 2015. This records a decrease from the previous number of 0.000 Ton th for 2014. China Non Ferrous Metal: Export: Rhodium Plate data is updated yearly, averaging 0.000 Ton th from Dec 2013 (Median) to 2015, with 3 observations. The data reached an all-time high of 0.000 Ton th in 2014 and a record low of 0.000 Ton th in 2013. China Non Ferrous Metal: Export: Rhodium Plate data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s Metal and Steel Sector – Table CN.WAB: Non Ferrous Metal Export: Quantity.

United States Import Volume by Product: Platinum-Group Metals: Rhodium data was reported at 12,000.000 kg in 2017. This records an increase from the previous number of 10,700.000 kg for 2016. United States Import Volume by Product: Platinum-Group Metals: Rhodium data is updated yearly, averaging 12,000.000 kg from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 18,200.000 kg in 2000 and a record low of 6,570.000 kg in 1991. United States Import Volume by Product: Platinum-Group Metals: Rhodium data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.WB005: Import Volume.