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 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.

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.

Palladium rose to 1,428.50 USD/t.oz on December 2, 2025, up 0.53% from the previous day. Over the past month, Palladium's price has fallen 1.11%, but it is still 47.88% higher than a year ago, 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 December of 2025.

In 2023, the highest price among the platinum group metals (PGM) in the United States was rhodium at ***** U.S. dollars per ounce. Ruthenium had the lowest PGM price in the U.S. at that time, at ****** U.S. dollars per troy ounce.

In recent years, the German precious metals industry has strategically repositioned itself as an innovation partner for high-tech industries. Rising demand from forward-looking sectors such as photovoltaics, electronics and hydrogen technology has opened up stable growth potential for the industry and reduced its dependence on traditional customer industries. At the same time, the precious metal markets were volatile. The price of gold remained stable between USD 1,450 and USD 2,100 per ounce between October 2019 and January 2024, before an upward trend began in March 2024. In the case of platinum group metals, opposing effects led to market complexity, with the slower e-mobility transformation temporarily stabilising demand for catalytic converters, while substitution effects for rhodium exacerbated the supply situation in industrial applications. Since 2020, industry turnover has grown by an average of 3.5% per year and is expected to reach €24.4 billion in the current year.In 2025, industry turnover is expected to increase by 5.4%. In October 2025, the price of gold exceeded the historic mark of USD 4,000 per ounce for the first time, driven by central bank purchases, interest rate cuts and geopolitical uncertainties. This means considerable increases in turnover and profitability for German precious metal producers, particularly in the recycling business. The ongoing volatility of platinum group metals and the structural dependence on imports require dual risk management, in which long-term supply contracts secure the supply of primary raw materials, while the accelerated expansion of in-house recycling capacities diversifies the supply base and strengthens resilience.By 2030, industry turnover is expected to increase by an average of 0.9% per year to 25.5 billion euros. Over the next five years, the German precious metals industry will increasingly focus its production capacities on promising high-tech segments. Industry players will develop customised solutions for the energy transition, with platinum likely to play a central role as a catalyst in electrolysers for hydrogen production and palladium in fuel cells. Demographic change is establishing the healthcare sector as a strategic growth market in which companies will invest more heavily, particularly in gold nanoparticles for cancer therapy, biosensors and biocompatible implants. Additive manufacturing will fundamentally transform the value chain and open up new sales markets in medical technology and aerospace. Leading processors are likely to expand their research budgets for biotechnological recycling processes such as bioleaching and enter into strategic partnerships with research institutes in order to establish a sustainable circular economy.