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 fell to 7,700 USD/t oz. on October 22, 2025, down 1.91% from the previous day. Over the past month, Rhodium's price has risen 8.07%, and is up 62.11% 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 October 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.

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 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

5164 Global export shipment records of Rhodium Metal with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The Rhodium(III) Sulfate market, currently valued at approximately $30 million in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.1% from 2025 to 2033. This growth is driven by increasing demand from key industries such as automotive catalysts, where rhodium's catalytic properties are crucial for emissions control in gasoline-powered vehicles. The rise in electric vehicle adoption presents a potential challenge, but the ongoing need for efficient catalysts in hybrid vehicles and the expanding applications of rhodium in other sectors, including chemical synthesis and electronics, are expected to offset this somewhat. Furthermore, advancements in refining techniques and increased recycling initiatives could contribute to a more stable and potentially expanding supply, although geopolitical factors and the inherent scarcity of rhodium itself remain considerable constraints. Companies like Heraeus Precious Metals, SAFINA, a.s., and Tanaka Holdings, along with other key players, are well-positioned to benefit from this growth, although competition is likely to intensify as demand increases. The market’s segmentation, while not fully detailed, likely includes distinctions based on purity levels, application, and geographic location, each influencing pricing and market dynamics. The forecast period (2025-2033) anticipates a continued, albeit moderate, expansion of the Rhodium(III) Sulfate market. While the CAGR remains relatively modest, consistent growth is expected due to continued industrial demand, albeit at a pace tempered by the inherent volatility of precious metal markets and potential fluctuations in global economic activity. Innovation in catalyst technologies and the development of new applications for rhodium are potential growth catalysts. However, regulatory changes affecting emissions standards, fluctuations in rhodium prices, and the inherent limitations of supply associated with the element's scarcity could pose significant challenges and affect the overall market trajectory during the forecast period. Therefore, strategic market positioning, focused research and development, and robust supply chain management will be crucial for success in this specialized market.

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

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.

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.

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

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 Precious Metals Management market is poised for substantial growth, projected to reach an estimated USD 25,000 million in the base year of 2025, with a robust Compound Annual Growth Rate (CAGR) of 8% anticipated through the forecast period of 2025-2033. This expansion is primarily fueled by the increasing demand for precious metals in diverse industrial applications, including electronics, automotive, and jewelry, coupled with their enduring role as safe-haven assets in times of economic uncertainty. The recycling of precious and base metals is a significant driver, offering a sustainable and cost-effective source of these valuable resources. Furthermore, advancements in price risk management strategies and the growing reliance on precious metal chemicals for specialized industrial processes are contributing to market momentum. Companies are increasingly recognizing the strategic importance of efficient precious metals management to mitigate volatility and secure supply chains. The market exhibits a clear segmentation, with Platinum and Gold leading in terms of value and application diversity within the broader precious metals sector. The Precious and Base Metal Recycling Services segment stands out as a critical growth area, driven by environmental consciousness and the economic imperative to recover valuable materials. Key players like Johnson Matthey, Umicore, and Heraeus Holding are at the forefront of innovation, offering comprehensive solutions that encompass refining, recycling, and specialized chemical production. Geographically, Asia Pacific, particularly China and India, is emerging as a dominant force due to its rapidly expanding industrial base and significant consumer demand for precious metal-containing products. Europe and North America also represent mature yet significant markets, driven by established industries and a strong focus on sustainable resource management. However, the market faces potential restraints such as price volatility of the metals themselves and stringent regulatory frameworks governing their handling and trade, which necessitate sophisticated management strategies. This report provides an in-depth analysis of the global Precious Metals Management market, offering a comprehensive view of trends, drivers, challenges, and growth opportunities. The study encompasses a rigorous examination of the market from the historical period of 2019-2024, utilizing 2025 as the base and estimated year, and projecting future trends through the forecast period of 2025-2033. Our analysis delves into key segments including Platinum, Palladium, Rhodium, Iridium, Gold, Silver, and Other precious metals, alongside critical applications such as Precious and Base Metal Recycling Services, Price Risk Management, and Precious Metal Chemicals.

The Platinum-Rhodium Alloy market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise figures for market size and CAGR are unavailable from the provided data, a reasonable estimation can be made based on industry knowledge and typical growth rates for high-value specialty metals. Considering the applications of platinum-rhodium alloys in crucial sectors like the automotive catalytic converters (for emission control), high-temperature applications (crucibles, thermocouples), and the chemical industry (catalysts), a conservative estimate for the 2025 market size would be around $750 million. Given the ongoing technological advancements and the inherent properties making platinum-rhodium alloys irreplaceable in many applications, a compounded annual growth rate (CAGR) of approximately 5-7% over the forecast period (2025-2033) appears plausible. This translates to a market size exceeding $1.2 billion by 2033. This growth is fueled by several key drivers. The automotive industry's stringent emission regulations are a significant factor, driving demand for high-performance catalytic converters. Furthermore, the expansion of the chemical and electronics industries, with their need for durable and highly resistant materials in various applications, contributes significantly to market growth. However, price volatility of platinum and rhodium, along with the exploration of alternative materials, pose challenges to the market's continued expansion. The market is segmented based on application (e.g., automotive, chemical, electronics) and geographic regions (North America, Europe, Asia-Pacific, etc.), with specific regional market share varying based on industrial development and regulatory landscapes. Key players, including Tanaka, American Elements, and others, compete based on product quality, technological innovation, and pricing strategies. Future market performance will depend on the continued adoption of clean technologies, macroeconomic conditions, and technological breakthroughs in material science.

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.

The platinum-rhodium alloy market is experiencing robust growth, driven primarily by its unique properties—high melting point, excellent corrosion resistance, and superior catalytic activity—making it indispensable in various high-tech applications. The automotive industry, specifically catalytic converters for emission control, remains a significant consumer, contributing substantially to market value. However, the increasing demand for cleaner energy and stringent emission regulations are pushing innovation in catalytic converter design, leading to optimized alloy compositions and potentially altering the market share of different alloy types within the platinum-rhodium segment. Growth is further fueled by its use in high-temperature applications within aerospace and industrial processes. While precise market sizing requires specific data, considering the current value of the platinum group metals (PGMs) market and the relatively high proportion of rhodium within platinum alloys, a reasonable estimate for the 2025 market size could be in the range of $500-700 million. A conservative Compound Annual Growth Rate (CAGR) of 5-7% over the forecast period (2025-2033) seems plausible, given the steady, though not explosive, growth projected for the sectors utilizing these alloys. Market restraints include the inherent volatility in platinum and rhodium prices, subject to fluctuations in supply and demand. Geopolitical factors also play a significant role, impacting mining activities and influencing overall market stability. Furthermore, research into alternative catalyst materials poses a potential long-term challenge, although the superior performance of platinum-rhodium alloys in demanding applications ensures continued relevance. Segment analysis would benefit from further detail, potentially distinguishing between different alloy compositions and their corresponding applications, enabling a deeper understanding of market dynamics and future trends. Key players, such as Tanaka, American Elements, and XI'AN FUNCTION MATERIAL GROUP, are likely to play a defining role in shaping market developments through innovation and strategic partnerships, particularly concerning material sourcing and advanced manufacturing processes. Ultimately, the platinum-rhodium alloy market trajectory is tied closely to technological advancements in emissions control, aerospace, and industrial process optimization.

In 2025, the price of platinum is forecast to hover around ***** U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to ***** 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 ***** 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 **** 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 **** 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 ***** U.S. dollars per ounce, making it the most expensive precious metal in 2023.

Precious Metal Products Market size was valued at USD 290.5 Billion in 2024 and is projected to reach USD 437.2 Billion by 2032, growing at a CAGR of 5.3% from 2026 to 2032.The market is primarily driven by increasing demand across electronics, automotive, and healthcare industries for applications requiring high conductivity, corrosion resistance, and catalytic properties. Additionally, rising investment in sustainable technologies and growing global focus on wealth preservation through physical assets further stimulate the demand for precious metal products.

Statistics illustrates monthly prices of metals; rhodium, semi-manufactured in GCC from January 2019 to September 2025.