Rhodium traded flat at 5,800 USD/t oz. on July 18, 2025. Over the past month, Rhodium's price has risen 5.94%, and is up 24.73% 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.

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 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.

Get the latest insights on price movement and trend analysis of Rhodium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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.

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.

As of May 2025, it was estimated that the global supply of rhodium stood at approximately 691,000 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 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.

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.

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 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.

The global rhodium alloys market is experiencing robust growth, driven by increasing demand across diverse sectors. While the exact market size for 2025 isn't provided, considering typical CAGR values for specialized metal markets (let's assume a conservative CAGR of 8% for illustrative purposes), and a plausible 2019 market size of $500 million (a reasonable estimate given the high value of rhodium), the market size in 2025 could be estimated at approximately $750 million. This growth is primarily fueled by the burgeoning automotive industry's reliance on rhodium-based autocatalysts for emission control, coupled with rising demand in glass manufacturing and high-temperature sensing applications. The platinum-rhodium alloys segment currently dominates the market due to its superior properties in high-temperature applications, while the autocatalyst application segment holds the largest market share due to stringent emission norms globally. However, the rising cost of rhodium and its limited availability pose significant challenges, potentially restraining market expansion. Ongoing research into alternative materials and recycling initiatives are crucial for mitigating supply chain vulnerabilities and ensuring the long-term sustainability of the rhodium alloys market. The forecast period (2025-2033) is projected to witness continued growth, with the CAGR likely remaining strong, though potentially moderating slightly as the market matures. Geographic expansion is expected, particularly in developing economies experiencing rapid industrialization, such as in Asia-Pacific. Key players in the market are focusing on strategic partnerships, capacity expansion, and technological advancements to maintain a competitive edge. Future growth will be significantly influenced by factors such as government regulations on emissions, technological innovations in catalyst design, and price volatility of rhodium. The development of more efficient and cost-effective rhodium alloy substitutes could potentially reshape the market dynamics in the long term. This comprehensive report provides an in-depth analysis of the global Rhodium Alloys market, projecting a market value exceeding $500 million by 2028. It delves into market dynamics, growth drivers, and challenges, offering invaluable insights for stakeholders across the value chain. The report leverages extensive primary and secondary research, employing robust methodologies to accurately forecast market trends and identify key opportunities. Keywords: Rhodium Alloys Market, Platinum Rhodium Alloys, Palladium Rhodium Alloys, Rhodium Price, Autocatalyst, Glass Manufacturing, High-Temperature Applications, Market Size, Market Share, Market Growth.

Palladium rose to 1,290 USD/t.oz on July 21, 2025, up 0.27% from the previous day. Over the past month, Palladium's price has risen 18.51%, and is up 46.26% 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 global rhodium powder market is experiencing robust growth, driven by increasing demand from key sectors such as automotive catalysts, chemical catalysis, and electronics. The market's expansion is fueled by stringent emission regulations globally, pushing for cleaner vehicles and necessitating higher rhodium usage in catalytic converters. Furthermore, the growing electronics industry, particularly in areas like fuel cells and specialized electrical components, contributes significantly to the demand. The market is segmented by purity level (0.999, 0.9995, 0.9997, and others), with higher purity grades commanding premium prices due to their superior performance in demanding applications. Major players, including Nornickel, Sibanye-Stillwater, Anglo American, and others, dominate the market, leveraging their established mining and refining capabilities. Geographical distribution shows strong demand from North America and Europe, driven by established automotive and industrial sectors, while Asia-Pacific is expected to witness significant growth fueled by increasing industrialization and automotive production. While supply chain disruptions and price volatility due to rhodium's scarcity remain concerns, long-term growth prospects are positive, projected to maintain a healthy Compound Annual Growth Rate (CAGR) over the forecast period (2025-2033). The market is characterized by several key trends. The ongoing development of more efficient catalysts, particularly for the reduction of harmful emissions, is stimulating demand for high-purity rhodium powder. Advancements in chemical catalysis are broadening the application base of rhodium powder into new areas, including pharmaceuticals and fine chemicals synthesis. The increasing focus on sustainable manufacturing practices is leading to innovations in rhodium recovery and recycling processes. However, constraints include the inherent scarcity of rhodium, its price volatility dependent on global supply and demand, and the potential for regulatory changes impacting its usage in certain industries. To mitigate these challenges, industry players are investing in research and development to improve extraction techniques, optimize catalyst design for greater efficiency, and explore alternative materials where appropriate. Strategic partnerships and mergers & acquisitions are also expected to shape the market landscape in the coming years.

The Rhodium(III) Sulfate market, valued at $30 million in 2025, is projected to experience steady growth, driven by increasing demand across key applications like jewelry, watches, and eyeglass frames. The market's Compound Annual Growth Rate (CAGR) of 4.1% from 2025 to 2033 indicates a consistent expansion, although the rate is modest, suggesting a mature market with established players. Growth is likely fueled by the unique properties of rhodium(III) sulfate, such as its role in electroplating, which enhances the durability and aesthetic appeal of precious metals. The jewelry and watch sectors are anticipated to remain dominant market segments, fueled by ongoing consumer demand for luxury goods and the need for durable, corrosion-resistant finishes. The "Other" application segment presents potential for future growth, perhaps driven by emerging applications in specialized industries or niche markets. While the tetrahydrate form currently dominates, the "Other" type segment offers opportunities for innovation and the development of alternative formulations with improved properties. Geographic expansion, particularly in the Asia-Pacific region driven by economic growth and increasing consumer spending in countries like China and India, may also contribute to overall market expansion. However, potential restraints might include fluctuations in rhodium prices, impacting overall production costs and potentially limiting market growth. Competition within the Rhodium(III) Sulfate market is likely characterized by a few major players like Heraeus Precious Metals, SAFINA, a.s., and TANAKA HOLDINGS, alongside smaller, regional producers. These companies are likely focused on maintaining market share through product innovation, strategic partnerships, and supply chain optimization to mitigate the risks associated with rhodium price volatility. Further research into specific regional market dynamics (North America, Europe, Asia-Pacific, etc.) would refine the understanding of growth potential. Analyzing the regulatory landscape within each region and the environmental considerations related to rhodium production and usage is crucial for a comprehensive market analysis. Future growth strategies for market participants might center around diversification of applications, development of sustainable production methods, and expansion into emerging markets.

The global Rhodium(III) Sulfate market is projected to reach $39 million in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 4.0% from 2025 to 2033. This growth is driven by increasing demand from the jewelry and watchmaking industries, where rhodium plating is highly valued for its durability, tarnish resistance, and brilliant white luster. The automotive catalytic converter market, while a significant consumer of rhodium in other forms, plays a less prominent role in the specific demand for Rhodium(III) Sulfate. Growth is further fueled by the expanding use of rhodium in specialized applications like eyeglass frames and other niche markets that require a high-performance, corrosion-resistant coating. However, the market faces constraints related to the inherent scarcity of rhodium, leading to price volatility and supply chain challenges. This necessitates innovative approaches to resource management and the exploration of potential substitute materials in specific applications. The market is segmented by type (Tetrahydrate, Other) and application (Jewelry, Watches, Eyeglass Frames, Other), with jewelry and watches holding the largest market shares due to the aesthetic and functional benefits of rhodium plating. Key players in the market include Heraeus Precious Metals, SAFINA, a.s., TANAKA HOLDINGS, JX Metals Trading, and several other significant companies in China. Regional analysis indicates a strong presence in North America and Europe, with Asia-Pacific showing significant growth potential due to increasing industrialization and rising consumer demand for luxury goods. The competitive landscape is characterized by a mix of established players and emerging regional companies. Established players leverage their strong distribution networks and technical expertise, while smaller companies focus on niche applications and cost-effective production. Future growth will likely hinge on technological advancements leading to more efficient rhodium extraction and refining processes, alongside the development of sustainable and environmentally friendly applications. The ongoing exploration of alternative materials will also shape the competitive dynamics, requiring ongoing innovation and adaptation within the market. Careful management of price fluctuations and supply chain resilience will be critical factors influencing market growth over the forecast period.

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

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