Rhodium rose to 5,850 USD/t oz. on June 9, 2025, up 0.86% from the previous day. Over the past month, Rhodium's price has risen 8.84%, and is up 25.81% 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 June 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.

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 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.

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.

Palladium rose to 1,051.50 USD/t.oz on June 6, 2025, up 5.15% from the previous day. Over the past month, Palladium's price has risen 8.96%, and is up 16.70% 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 June 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.

The rhodium recycling market is experiencing robust growth, driven by increasing demand from the automotive industry (catalytic converters) and the jewelry sector. While precise market sizing data is unavailable, a reasonable estimation, considering typical CAGR for precious metals recycling and the current market value of rhodium, would place the 2025 market size at approximately $500 million. A conservative Compound Annual Growth Rate (CAGR) of 8% from 2025 to 2033 is projected, reflecting ongoing growth in vehicle production and the continued appeal of rhodium in high-end jewelry. This growth is further fueled by technological advancements in recycling processes, leading to higher recovery rates and reduced environmental impact. Key players, including Umicore, Johnson Matthey, and Heraeus, are strategically investing in research and development to improve efficiency and expand their capacity within this lucrative market segment. The 0.999 purity grade segment currently dominates the market, reflecting the stringent purity requirements for many applications. However, the demand for higher purity grades (0.9995 and 0.9999) is also expected to witness significant growth, particularly within the specialized electronics and pharmaceutical sectors. Geopolitically, North America and Europe currently hold the largest market shares, but the Asia-Pacific region, particularly China and India, presents a significant growth opportunity due to increasing industrialization and rising consumer demand. Market restraints primarily involve the fluctuating price of rhodium, impacting the economic viability of recycling operations. Furthermore, the complexity of separating rhodium from other precious metals in various waste streams presents technological challenges. However, ongoing innovation in hydrometallurgical and pyrometallurgical processes is steadily addressing these limitations, paving the way for greater market penetration and increased recycling rates. The market segmentation by application (jewelry, catalysts, others) and type (purity levels) provides valuable insights into the specific demand drivers within the industry and allows for targeted market strategies by both existing and emerging players. Future projections anticipate a continued upward trajectory, fueled by stringent environmental regulations promoting responsible waste management and the ongoing demand for rhodium in key applications.

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

As of May 2024, it was estimated that the global supply of rhodium stood at approximately 704,000 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.

1936 Global import shipment records of Rhodium For Gold Plating with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

234344 Global exporters importers export import shipment records of Rhodium with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

92 Global import shipment records of Rhodium sponge with prices, volume & current Buyer’s suppliers relationships based on actual Global import trade database.

1332 Global export shipment records of Rhodium Bath with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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

Rhodium is a platinum-group metal. In 2024, the global demand for rhodium for chemical uses is expected to reach 92,000 ounces, up from a demand of 81,000 during the previous year. The global demand for rhodium is forecast to reach about 1.06 million ounces in 2024.

6102 Global import shipment records of Rhodium Plated with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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.

Bowl-shaped phosphine (BSP) ligands markedly accelerated the rhodium-catalyzed hydrosilylation of ketones and ketimines as compared with the effect of conventional phosphine ligands such as PPh3 and P(t-Bu)3. 31P NMR study of a mixture of [RhCl(C2H4)2]2 and phosphines at various P/Rh ratios revealed that coordination of BSP to the rhodium metal was successfully regulated, and the resultant rhodium complex bearing only one phosphine ligand (a mono(phosphine) rhodium species) was responsible for the acceleration. Structural comparison between BSP and the conventional phosphines was carried out using HF/6-31G(d)-CONFLEX/MM3-optimized structures. The mono(phosphine) rhodium complex having 1,5-cyclooctadiene as a ligand was isolated, and its X-ray molecular structure was determined.