Rhodium rose to 8,050 USD/t oz. on December 2, 2025, up 0.94% from the previous day. Over the past month, Rhodium's price has fallen 1.23%, but it is still 75.96% higher than a year ago, 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 December 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.

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

Rhodium Market Outlook

According to our latest research, the global rhodium market size reached USD 2.45 billion in 2024, with a robust compound annual growth rate (CAGR) of 6.8% anticipated through the forecast period. By 2033, the market is projected to attain a value of USD 4.77 billion, reflecting the sectorÂ’s steady expansion. The primary growth factor driving this upward trajectory is the surging demand for rhodium in automotive catalytic converters, underpinned by increasingly stringent emission regulations worldwide. This trend is further bolstered by the metalÂ’s unique properties, which make it indispensable across several high-value industrial applications.

One of the pivotal growth drivers in the rhodium market is its critical role in the automotive industry, particularly in the manufacturing of catalytic converters. As governments across the globe enforce stricter emission norms to combat air pollution and climate change, automakers are compelled to integrate more advanced and efficient catalytic systems into their vehicles. Rhodium, with its exceptional catalytic properties, is a key component in reducing nitrogen oxide emissions from automotive exhausts. This regulatory push, combined with the global shift towards cleaner transportation, has significantly increased the demand for rhodium, thereby fueling the marketÂ’s expansion.

Another major factor contributing to the growth of the rhodium market is its diverse range of applications beyond the automotive sector. The metalÂ’s outstanding chemical stability, corrosion resistance, and high reflectivity make it highly sought after in the chemical manufacturing, electrical & electronics, and jewelry sectors. In electronics, rhodium is used for plating connectors and contacts due to its superior conductivity and resistance to oxidation. In the jewelry industry, the demand for rhodium-plated items continues to rise, driven by consumer preference for durable and lustrous finishes. The growing adoption of rhodium in these non-automotive applications adds further impetus to the marketÂ’s overall growth.

Supply-side dynamics also play a crucial role in shaping the rhodium market. Rhodium is one of the rarest and most valuable precious metals, with limited global production primarily concentrated in South Africa, Russia, and a few other regions. The constrained supply, coupled with periodic disruptions in mining activities, often leads to price volatility, which can impact both demand and investment patterns in the market. Nevertheless, ongoing advancements in recycling technologies and the increasing recovery of rhodium from spent catalysts are helping to mitigate supply risks and stabilize market conditions, supporting sustainable growth over the forecast period.

From a regional perspective, Asia Pacific stands out as the dominant market for rhodium, accounting for the largest share of global consumption in 2024. This is largely attributed to the regionÂ’s burgeoning automotive industry, particularly in China, Japan, and India, where vehicle production and sales continue to grow at a rapid pace. Europe and North America also represent significant markets, driven by stringent environmental regulations and robust demand from the chemical and electronics sectors. Meanwhile, Latin America and the Middle East & Africa are emerging as promising markets, supported by rising industrialization and increased investment in automotive and manufacturing sectors. This diverse regional landscape underscores the global significance and resilience of the rhodium market.

In addition to rhodium, the market for Iridium is also witnessing significant interest due to its unique properties and applications. Iridium, known for its high density and corrosion resistance, is increasingly being utilized in various industrial sectors, including electronics and aerospace. Its ability to withstand extreme temperatures makes it an ideal choice for spark plugs and crucibles used in high-temperature applications. As industries continue to innovate, the demand for iridium is expected to grow, paralleling the trends observed in the rhodium market. This growth is further supported by advancements in iridium-based technologies and the exploration of new applications, which are opening up additional avenues for market expansion.

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View details of Rhodium Sponge imports shipment data in June with price, HS codes, major Indian ports, countries, importers, buyers in India, quantity and more.

Rhodium Automotive Catalyst Supply Market Outlook

According to our latest research, the global rhodium automotive catalyst supply market size reached USD 6.2 billion in 2024, reflecting robust demand across automotive manufacturing and emission control sectors. The market is projected to expand at a CAGR of 5.7% during the forecast period, with the total market size expected to reach USD 10.2 billion by 2033. This growth is primarily driven by tightening emission regulations, increasing vehicle production, and the rising adoption of advanced catalytic technologies worldwide.

The primary growth factor for the rhodium automotive catalyst supply market is the global enforcement of stringent emission norms, particularly in developed economies such as the United States, Germany, Japan, and South Korea. These regulations mandate the use of advanced catalysts in vehicles to minimize the release of harmful pollutants, including nitrogen oxides (NOx), carbon monoxide (CO), and hydrocarbons. Rhodium, as a critical material in three-way catalysts, is highly effective in reducing NOx emissions, making it indispensable for compliance with Euro 6, China 6, and similar standards. The increasing awareness regarding environmental sustainability and the automotive industry’s commitment to green technologies further amplify the demand for rhodium-based catalysts, fostering market expansion.

Another significant driver is the escalating global vehicle production, particularly in emerging markets such as China, India, and Southeast Asia. As disposable incomes rise and urbanization accelerates, the demand for passenger and commercial vehicles continues to surge. This trend directly correlates with the consumption of automotive catalysts, as every new vehicle must adhere to emission standards. Furthermore, the aftermarket segment is witnessing steady growth due to the need for replacement catalysts in aging vehicle fleets, especially in regions with mandatory periodic emission testing. The synergy between OEM and aftermarket demand ensures a stable and recurring requirement for rhodium catalysts, supporting long-term market growth.

Technological advancements in catalyst design and manufacturing also play a pivotal role in the market’s upward trajectory. Leading catalyst manufacturers are investing in research and development to enhance the efficiency and durability of rhodium-based catalysts, thereby reducing the required rhodium content per unit without compromising performance. Innovations such as washcoat optimization, nanostructured materials, and hybrid catalyst systems are enabling automakers to meet regulatory targets more cost-effectively. These advancements not only lower production costs but also help mitigate the impact of rhodium price volatility, making the technology more accessible to a broader range of vehicle manufacturers.

From a regional perspective, Asia Pacific dominates the rhodium automotive catalyst supply market, accounting for over 42% of global revenue in 2024. This leadership is attributed to the region’s vast automotive manufacturing base, particularly in China, Japan, and India, coupled with rapid regulatory evolution. North America and Europe follow closely, supported by their mature automotive sectors and early adoption of environmental policies. Meanwhile, Latin America and the Middle East & Africa are emerging as promising markets, driven by increasing vehicle imports and gradual regulatory alignment with global standards. The interplay of regional dynamics, regulatory frameworks, and industrial growth continues to shape the competitive landscape and supply chain strategies in the rhodium automotive catalyst sector.

Product Type Analysis

The rhodium automotive catalyst supply market is segmented by product type into Three-Way Catalysts (TWC), Diesel Oxidation Catalysts (DOC), Selective Catalytic Reduction (SCR) Catalysts, and others. Among these, three-way cat

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

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Platinum Market Size 2025-2029

The platinum market size is valued to increase USD 1.88 billion, at a CAGR of 4.5% from 2024 to 2029. Growing demand for platinum in various industries will drive the platinum market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 53% growth during the forecast period.
By End-user - Automotive segment was valued at USD 2.71 billion in 2023
By Source - Primary segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 39.16 million
Market Future Opportunities: USD 1883.30 million
CAGR from 2024 to 2029 : 4.5%

Market Summary

The market is a dynamic and evolving entity, driven by the increasing demand for this precious metal in various industries. One of the primary sectors fueling this growth is the automobile industry, where platinum is extensively used in exhaust systems to reduce emissions. The energy-intensive processing of platinum further underscores its value and demand. According to recent reports, the automotive sector accounts for approximately 40% of global platinum demand. As regulatory pressures mount to reduce emissions and improve fuel efficiency, the demand for platinum in catalytic converters is expected to continue growing.
However, challenges such as price volatility and the availability of alternative materials pose significant obstacles to market expansion. Despite these hurdles, the market presents numerous opportunities for innovation and growth, particularly in the development of cost-effective and sustainable platinum alternatives.

What will be the Size of the Platinum Market during the forecast period?

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How is the Platinum Market Segmented?

The platinum industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Automotive
  Jewelry
  Industrial
  Investment


Source

  Primary
  Secondary


Form Factor

  Platinum bars
  Platinum coins


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

The automotive segment is estimated to witness significant growth during the forecast period.

Platinum, a precious metal, plays a pivotal role in various industries, particularly in the automotive sector, where it contributes to reducing emissions of harmful gases like CO2 and NO2 through catalytic conversion. In addition to automotive catalysts, platinum finds extensive use in other automobile components, such as antilock braking systems, airbag initiators, and spark plugs. The demand for platinum in automobiles is propelled by stringent regulations aimed at minimizing emissions and enhancing fuel efficiency. Moreover, the application scope of platinum extends beyond automobiles. In agriculture, platinum-based products offer numerous benefits, including improved nutrient uptake efficiency, enhanced nutrient delivery, and water use efficiency.

These benefits are crucial for crop resilience factors, such as stress tolerance mechanisms, biotic stress resistance, and photosynthesis stimulation. Platinum's role in agriculture also includes the promotion of beneficial microorganisms, integrated pest management, and soil health indicators like soil microbial diversity and soil enzyme activity. The market for platinum in agriculture is experiencing significant growth. According to recent reports, the market is projected to increase by 15%, with a similar growth rate expected in the near future. This expansion is driven by the increasing adoption of sustainable agriculture practices, such as precision agriculture technology, which relies on platinum for enhanced root development enhancement and crop quality attributes.

Furthermore, platinum's role in improving fertilizer use efficiency and potassium availability has garnered significant attention, leading to a 20% increase in demand for platinum-based products in the agricultural sector. Platinum's potential in carbon sequestration is another promising application, with estimates suggesting that platinum-based products could sequester up to 10% of global CO2 emissions. This development aligns with the growing focus on reducing greenhouse gas emissions and mitigating climate change. Additionally, platinum's ability to stimulate plant growth through plant hormone modulation and phosphorus solubilization contributes to plant biomass accumulation and plant disease resistance. In conclusion, the market for platinum in various industries, particularly in automobiles and agriculture, is witnessing continuous growth and innovation.