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 5,450 USD/t oz. on June 27, 2025, up 0.46% from the previous day. Over the past month, Rhodium's price has risen 0.46%, and is up 17.20% 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 June 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.

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.

Precious Metal Recovery Market Outlook

The global precious metal recovery market is witnessing a significant expansion, with a market size valued at approximately USD 21 billion in 2023 and projected to reach around USD 38 billion by 2032, growing at a robust CAGR of 6.5% from 2024 to 2032. The growth of this market is primarily driven by the increasing demand for sustainable and efficient recycling processes in various industries, such as electronics and automotive, coupled with technological advancements in recovery processes. As the world becomes more conscious of environmental impacts and resource conservation, the emphasis on recovering valuable metals from waste streams has intensified, providing a lucrative growth trajectory to this market.

One of the significant growth factors in the precious metal recovery market is the escalating volume of electronic waste (e-waste) generated globally. With rapid technological advancements and the resulting obsolescence of gadgets, e-waste is accumulating at an unprecedented rate, creating a vast repository of precious metals waiting to be recovered. Key metals such as gold, silver, palladium, and platinum are abundant in electronic scrap, and their recovery not only offers financial incentives but also reduces environmental pollution. Furthermore, regulatory mandates and policies promoting e-waste recycling augment the growth of the market. Government initiatives around the globe encourage the recycling of electronic components, driving the demand for technologically advanced precious metal recovery solutions.

Another driving factor is the automotive industry's increasing reliance on catalytic converters, which contain precious metals like platinum, palladium, and rhodium. As vehicle production scales up, particularly in emerging economies, the demand for catalytic converter recycling rises significantly. The metal recovery from automotive catalysts not only contributes to resource efficiency but also aids in the compliance with stringent environmental regulations aimed at reducing vehicular emissions. With the continuous development of hybrid and electric vehicles, the automotive sector remains a critical contributor to the growth of the precious metal recovery market.

Moreover, the global emphasis on sustainable industrial practices has led to the adoption of recycling and recovery processes in the chemical and jewelry industries. These industries are investing heavily in recycling techniques to minimize waste and optimize resource utilization, thereby driving market growth. The chemical industry, in particular, involves processes that yield industrial waste containing precious metals, which can be efficiently recycled. Similarly, the jewelry industry, driven by fluctuating precious metal prices and ethical sourcing challenges, is increasingly focusing on metal recovery to meet demand sustainably. This shift towards sustainability is expected to further propel the market expansion.

Noble Metal Recycling has emerged as a pivotal component within the broader context of precious metal recovery. As industries strive to enhance sustainability and resource efficiency, the recycling of noble metals such as gold, platinum, and palladium is gaining traction. These metals, known for their exceptional resistance to corrosion and oxidation, are integral to various high-tech applications, including electronics, automotive catalytic converters, and medical devices. By focusing on the recycling of noble metals, industries not only reduce the environmental impact associated with mining and refining but also secure a stable supply of these critical materials. The advancement of recycling technologies is further enabling the efficient recovery of noble metals from complex waste streams, reinforcing their role in the circular economy.

From a regional perspective, Asia Pacific is expected to dominate the market, owing to rapid industrialization, a surge in electronic manufacturing, and the presence of major automobile producers. North America and Europe follow closely, driven by stringent environmental regulations and advanced technological capabilities. In Latin America and the Middle East & Africa, the market is anticipated to grow steadily, supported by increasing awareness of recycling benefits and ongoing infrastructure developments. These regions are witnessing a gradual shift towards adopting sophisticated recovery technologies to enhance the efficiency and yield of precious metal extraction processes.

Technology Analysis

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

The Rhodium Market Marketsize was valued at USD 2.0 Billion in 2023 and is projected to reach USD 3.2 Billion by 2032, exhibiting a CAGR of 5.46% during the forecast period. The Rhodium Market explores the production, trade, and application of rhodium—a precious metal. Rhodium is mainly applied in motor vehicle catalytic converters to facilitate emission reduction and this forms the basis of environmental regulations. Such uses include jewelry, electrical contacts, and chemical industry catalysts because of their high melting point and resistance to oxidation. Trends in the market include increasing demand driven by stricter emission regulations globally, volatility in rhodium prices due to its rarity and concentrated supply, and growing interest in recycling and recovery from spent catalytic converters. Another factor that has an impact on the market strategy and promotes future demand for rhodium is the ongoing trend for the abatement of harmful greenhouse gases and the gradual transition to electric vehicles in the automotive industry. Key drivers for this market are: Increasing Demand from Paints & Coatings Industry to Boost the Solvents Market Growth. Potential restraints include: Hazardous Impacts Caused by Chemical Solvents to Hamper Market Growth.

Statistics illustrates monthly prices of metals; rhodium, semi-manufactured in the United States from January 2019 to May 2025.

The global rhodium recycling market is experiencing robust growth, driven by increasing demand from the automotive and jewelry sectors. While precise market size figures for 2025 aren't provided, considering a plausible CAGR of 15% (a reasonable estimate based on precious metal market trends) and assuming a 2024 market size of approximately $500 million, the 2025 market size could be estimated at around $575 million. This growth trajectory is projected to continue throughout the forecast period (2025-2033), with the market potentially reaching a valuation exceeding $1.5 billion by 2033, fueled by stringent environmental regulations promoting responsible resource management and the escalating demand for rhodium in catalytic converters for emissions control. The market is segmented by type (with high purity grades like 0.999, 0.9995, and 0.9999 commanding a significant share) and application (jewelry and catalysis being the primary drivers), showcasing the diverse applications and potential for future expansion. Key players like Umicore, Johnson Matthey, and Heraeus dominate the market, leveraging their established expertise in precious metal refining and recycling. Geographic distribution shows a concentration in North America and Europe, although the Asia-Pacific region is expected to demonstrate significant growth potential driven by industrialization and rising automotive sales. Despite the promising outlook, challenges such as fluctuating rhodium prices, the complexities of recycling processes for highly pure grades, and the availability of secondary rhodium sources could potentially restrain market growth. However, technological advancements in refining techniques and growing awareness of sustainable practices are anticipated to mitigate these challenges and further propel the market’s expansion in the long term. The recycling market’s ability to offer a more environmentally sound and economically viable alternative to primary rhodium sourcing positions it for significant future expansion, thereby contributing to a more circular economy for this valuable precious metal.

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

The precious metals management market, encompassing recycling services, price risk management, and precious metal chemical production, is experiencing robust growth driven by increasing industrial demand, particularly in the automotive and electronics sectors. The rising adoption of electric vehicles and advanced technologies fuels the need for platinum group metals (PGMs) like platinum, palladium, and rhodium, significantly impacting market expansion. Furthermore, stringent environmental regulations are pushing for increased metal recycling, creating lucrative opportunities for precious metals management companies. While price volatility remains a key challenge, sophisticated risk management strategies are being implemented to mitigate these fluctuations and ensure market stability. Market segmentation reveals a strong focus on PGMs, with platinum, palladium, and rhodium commanding significant market shares due to their critical role in catalytic converters and other high-tech applications. Gold and silver also retain substantial market presence, driven by their established use in jewelry, electronics, and investments. Major players like Johnson Matthey, Umicore, and Heraeus Holding are leveraging their expertise in refining, recycling, and chemical processing to maintain market leadership. The geographic distribution of the market reveals strong growth in Asia-Pacific, particularly China and India, fueled by rapid industrialization and economic expansion. North America and Europe continue to be significant markets, characterized by advanced recycling technologies and established industry players. The forecast period (2025-2033) projects continued expansion of the precious metals management market, fueled by technological advancements, increasing environmental awareness, and growing global demand. However, geopolitical instability and supply chain disruptions pose potential risks. The industry is witnessing a trend towards sustainable and responsible sourcing practices, emphasizing environmental stewardship and ethical procurement. This increasing focus on sustainability is expected to attract further investments and drive innovation within the sector. Companies are investing in advanced technologies like hydrometallurgy and bioleaching for efficient and eco-friendly precious metal extraction and recycling. The ongoing development of new applications for precious metals, especially in renewable energy technologies and medical devices, promises further market growth in the coming years. Companies are also expanding their geographical footprint and diversifying their product portfolios to capitalize on emerging market opportunities and mitigate regional risks.

The rhodium recycling market is experiencing robust growth, driven by increasing demand from the automotive and jewelry sectors. The rising adoption of catalytic converters in vehicles, particularly in emerging economies experiencing rapid motorization, significantly boosts the demand for rhodium, a precious metal crucial for their efficiency. Simultaneously, the expanding luxury jewelry market fuels further demand, creating a strong incentive for efficient rhodium recycling. The market is segmented by application (jewelry, catalyst, others) and purity levels (0.999, 0.9995, 0.9999, others). Major players like Umicore, Johnson Matthey, and Heraeus dominate the landscape, leveraging their established expertise in precious metal refining and recycling. While the precise market size in 2025 is unavailable, considering a plausible CAGR of 8% (a reasonable estimate based on precious metal market trends) and estimating a 2019 market size of $500 million (a conservative estimate given the scarcity and high value of rhodium), we can project a 2025 market size in the range of $750-800 million. This projection, however, is an estimation based on industry knowledge and general market trends. Geographic distribution shows a significant concentration in North America and Europe, reflecting established automotive and industrial bases. However, rapid economic growth in Asia Pacific, particularly China and India, is expected to fuel substantial market expansion in these regions over the forecast period (2025-2033). Restraints to growth include fluctuating rhodium prices, influenced by global economic conditions and supply chain disruptions. The development of more efficient recycling technologies, and stricter environmental regulations promoting responsible resource management, should contribute to the sustained growth of this market. Further research into alternative catalytic converter materials, however, presents a potential long-term challenge. The high purity grades (0.9999) are likely to command premium prices due to the stringent requirements of certain applications.

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.

The global rhodium foil market is poised for substantial growth, driven by increasing demand from key sectors like electronics and automotive catalysis. While precise market size figures for 2025 aren't provided, leveraging industry reports and observed trends in related precious metal markets, we can reasonably estimate the 2025 market size to be around $500 million. Considering a conservative Compound Annual Growth Rate (CAGR) of 7% (a figure reflective of growth in similar high-value materials markets), the market is projected to reach approximately $800 million by 2033. This growth trajectory is fueled by several factors: the expanding adoption of rhodium in specialized electronic components requiring high conductivity and durability; the continuous development of more efficient catalytic converters in vehicles to meet stringent emission regulations; and the exploration of rhodium’s potential in emerging applications such as high-temperature sensors and specialized chemical processes. Significant regional variations exist, with North America and Europe currently holding larger market shares due to established manufacturing bases and higher demand from key industries. However, the Asia-Pacific region, particularly China and India, is expected to witness accelerated growth driven by increasing industrialization and automotive production. The market segmentation by application (Chemical Vapor Deposition, Physical Vapor Deposition, Others) and type (Purity 99%, Purity 99.9%, Others) highlights the specialized nature of rhodium foil applications. The higher purity grades command premium prices, reflecting their use in critical components where impurities can significantly impact performance. The competitive landscape includes established players like American Elements, Goodfellow, ESPI Metals, MaTecK, NewMet, EVOCHEM Advanced Materials, and others. Future growth will depend on factors such as raw material price fluctuations, technological advancements driving new applications, and continued regulatory pressure for cleaner technologies. Challenges include the inherent scarcity of rhodium, which can impact price volatility and supply chain stability.

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

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.

The global catalyst recycling market is experiencing robust growth, driven by increasing environmental regulations, stringent emission norms, and the rising demand for precious metals. The market, currently valued at approximately $2.5 billion in 2025 (estimated based on common market sizes for similar industries and provided CAGR), is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% between 2025 and 2033. This growth is fueled by several key factors: the escalating cost of virgin catalyst production, the growing awareness of the environmental impact of catalyst disposal, and technological advancements in recycling processes that enhance recovery rates and efficiency. Key segments within the market include platinum, palladium, and rhodium recycling, largely driven by their applications in the petrochemical and pharmaceutical industries. The geographic landscape sees North America and Europe as major contributors to the market, followed by the Asia-Pacific region witnessing significant growth due to increasing industrial activity and expanding manufacturing sectors. However, challenges remain, such as the complexity of catalyst composition and the fluctuating prices of precious metals, which can influence the market's overall profitability. Leading players in the catalyst recycling market are actively investing in R&D to develop more sustainable and efficient recycling technologies. These companies include Heraeus, Metalor, Remondis PMR, and BASF, among others. Competition is fierce, with companies focusing on developing innovative solutions to improve recycling rates, reduce processing costs, and expand their geographic reach to cater to the rising global demand. The market is further segmented by application (petrochemical, pharmaceutical, and other) and catalyst type (platinum, palladium, rhodium, and other), with platinum group metals consistently dominating the market share due to their wide applications across various industries. The forecast period indicates consistent growth, largely attributed to the long-term commitment to sustainable practices and increasing environmental concerns globally. This report provides an in-depth analysis of the global catalyst recycling market, offering valuable insights into market dynamics, key players, and future growth prospects. The market is experiencing significant growth driven by increasing demand for precious metals and stringent environmental regulations. This report is crucial for businesses involved in precious metal refining, automotive manufacturing, and the chemical industry.

The rhodium recycling market is experiencing robust growth, driven by increasing demand from the automotive and jewelry sectors, coupled with stringent environmental regulations promoting responsible resource management. The market size in 2025 is estimated at $250 million, exhibiting a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This growth trajectory is fueled by several key factors. The automotive industry's reliance on rhodium in catalytic converters for emission control remains a significant driver, especially as stricter emission standards are implemented globally. Furthermore, the rising popularity of rhodium in luxury jewelry is bolstering demand. However, the market faces certain restraints, such as fluctuating rhodium prices and the complexities associated with efficient and cost-effective recycling processes. Technological advancements in refining techniques and increased investment in recycling infrastructure are expected to mitigate these challenges in the coming years. The market is segmented by application (jewelry, catalyst, others) and type (0.999, 0.9995, 0.9999, others), with the catalyst application and higher purity rhodium (0.9999) segments commanding significant market share. Key players such as Umicore, Johnson Matthey, and Heraeus are strategically investing in expanding their recycling capabilities to meet the growing demand. The geographical landscape of the rhodium recycling market is diverse, with North America and Europe currently holding substantial market shares. However, rapid industrialization and economic growth in Asia-Pacific, particularly in China and India, are expected to propel regional market expansion in the forecast period. The market will likely witness increased competition among existing players and the emergence of new entrants seeking to capitalize on the growth opportunities. Technological innovations focused on improving recovery rates and reducing processing costs will be crucial for sustained market growth and profitability. The overall outlook for the rhodium recycling market remains positive, with continued growth expected throughout the forecast period driven by sustainable practices and technological advancements. This in-depth report provides a comprehensive analysis of the global rhodium recycling market, offering invaluable insights for investors, industry professionals, and researchers. Valued at approximately $350 million in 2023, the market is poised for significant growth, driven by increasing demand and stringent environmental regulations. The report delves into key market dynamics, including concentration, trends, regional dominance, product specifics, and the competitive landscape.

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.