Rhodium traded flat at 5,700 USD/t oz. on July 11, 2025. Over the past month, Rhodium's price has risen 3.64%, and is up 23.91% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rhodium - values, historical data, forecasts and news - updated on July of 2025.

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).

Palladium rose to 1,287.50 USD/t.oz on July 11, 2025, up 7.07% from the previous day. Over the past month, Palladium's price has risen 21.41%, and is up 34.54% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palladium - values, historical data, forecasts and news - updated on July of 2025.

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.

Japan IMPI: CB: Metals: NF: UM: Unwrought Rhodium data was reported at 65.300 2005=100 in May 2012. This records a decrease from the previous number of 67.200 2005=100 for Apr 2012. Japan IMPI: CB: Metals: NF: UM: Unwrought Rhodium data is updated monthly, averaging 119.600 2005=100 from Jan 2005 (Median) to May 2012, with 89 observations. The data reached an all-time high of 480.600 2005=100 in Jun 2008 and a record low of 55.100 2005=100 in Jan 2009. Japan IMPI: CB: Metals: NF: UM: Unwrought Rhodium data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I261: Import Price Index: 2005=100: Contract Currency Basis: Metals and Related Products.

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.

Japan IMPI: W: MRP: NM: UPM: Unwrought Rhodium data was reported at 1.300 Per 1000 in Dec 2016. This stayed constant from the previous number of 1.300 Per 1000 for Nov 2016. Japan IMPI: W: MRP: NM: UPM: Unwrought Rhodium data is updated monthly, averaging 1.300 Per 1000 from Jan 2005 (Median) to Dec 2016, with 144 observations. The data reached an all-time high of 1.300 Per 1000 in Dec 2016 and a record low of 1.300 Per 1000 in Dec 2016. Japan IMPI: W: MRP: NM: UPM: Unwrought Rhodium data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I222: Import Price Index: 2010=100: Weight.

Japan IMPI: JB: MRP: NM: UPM: Unwrought Rhodium data was reported at 41.600 2010=100 in Dec 2016. This records an increase from the previous number of 34.200 2010=100 for Nov 2016. Japan IMPI: JB: MRP: NM: UPM: Unwrought Rhodium data is updated monthly, averaging 66.750 2010=100 from Jan 2005 (Median) to Dec 2016, with 144 observations. The data reached an all-time high of 485.200 2010=100 in Jun 2008 and a record low of 29.600 2010=100 in Aug 2016. Japan IMPI: JB: MRP: NM: UPM: Unwrought Rhodium data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I226: Import Price index: 2010=100: JPY Basis: Metals & Related Products.

进口价格指数：W：金属：NF：UM：未锻轧铑在05-01-2012达1.300Per 1000，相较于04-01-2012的1.300Per 1000保持不变。进口价格指数：W：金属：NF：UM：未锻轧铑数据按月更新，01-01-2005至05-01-2012期间平均值为1.300Per 1000，共89份观测结果。该数据的历史最高值出现于05-01-2012，达1.300Per 1000，而历史最低值则出现于05-01-2012，为1.300Per 1000。CEIC提供的进口价格指数：W：金属：NF：UM：未锻轧铑数据处于定期更新的状态，数据来源于日本銀行，数据归类于全球数据库的日本 – Table JP.I365: Import Price Index: 2005=100: Weight。