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.

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.

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.

Rhodium price data, historical values, forecasts, and news provided by Money Metals Exchange. Rhodium prices and trends updated regularly to provide accurate market insights.

Emission Control Catalyst Market Size and Forecast

Emission Control Catalyst Market size was valued at USD 51.95 Billion in 2024 and is projected to reach USD 84.76 Billion by 2031, growing at a CAGR of 6.96% from 2024 to 2031.

Global Emission Control Catalyst Market Drivers

Stringent Emission Regulations: The emission control catalyst market is being driven primarily by more stringent emission rules worldwide. According to the International Council on Clean Transportation (ICCT), the European Union enacted Euro 6d emission rules in 2020, which require passenger automobiles to emit no more than 80 mg/km of nitrogen oxides (NOx). Similarly, the US Environmental Protection Agency (EPA) claims that since 2017, heavy-duty highway engines must fulfill NOx requirements of 0.20 grams per brake horsepower-hour (g/bhp-hr). These tighter rules are pushing up demand for more efficient emission control catalysts.

Growth in Automotive Production: The rising worldwide automobile sector is driving the emission control catalyst market. Despite the pandemic-induced slowdown, the International Organization of Motor Vehicle Manufacturers (OICA) estimated that worldwide vehicle production reached 77.6 million units in 2020. With the automobile industry reviving, the International Energy Agency (IEA) predicts that the worldwide electric vehicle stock will reach nearly 145 million by 2030, up from 11 million in 2020. This growth in both conventional and electric vehicles is increasing the demand for emission control catalysts.

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.