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 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.

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.

In the second half of 2023, the price of rhodium in the United States reached 7662 USD/Troy Ounce.

Explore IMARC’s newly published report, titled “Rhodium Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of rhodium pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

The average price for rhodium in 2022 was 15,585.00 U.S. dollars per troy ounce, marking a nearly 5,000 U.S. dollars per ounce decrease in price compared to the previous years. 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 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.

Statistics illustrates consumption, production, prices, and trade of Metals; rhodium, semi-manufactured in New Zealand from 2007 to 2024.

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.

9167 Global export shipment records of Rhodium Metal with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The global precious metal precursor market is experiencing robust growth, driven by increasing demand from various sectors. While the exact market size in 2025 isn't specified, let's assume a conservative estimate of $5 billion based on industry reports and considering the high value of precious metals and their specialized applications. Assuming a CAGR of, say, 6% (a reasonable estimate given the growth potential in automotive catalysts and electronics), the market is projected to reach approximately $7.1 billion by 2033. This growth is propelled by several key factors. The automotive industry's continued reliance on catalytic converters for emission control is a major driver, with stricter environmental regulations globally fueling demand for palladium, platinum, and rhodium-based precursors. Furthermore, the expanding chemical and pharmaceutical industries, along with the burgeoning fuel cell sector, contribute significantly to market expansion. Specific applications like silicone production and other niche uses also add to the overall demand. However, price volatility of precious metals, supply chain disruptions, and potential advancements in alternative catalytic technologies pose challenges to the market's sustained growth. The market segmentation reveals a strong focus on palladium, platinum, and rhodium nitrates, which dominate the precursor types. Among applications, the automotive exhaust purification catalyst segment currently holds a significant market share, although the chemical and pharmaceutical sectors show promising growth potential. Geographically, North America and Europe currently represent substantial market shares, with Asia-Pacific exhibiting rapid growth, driven mainly by the expanding automotive and electronics industries in China and other emerging economies. Key players like Tanaka, Heraeus, Johnson Matthey, BASF, and Umicore are leading the market, leveraging their established expertise and extensive supply chains. The competitive landscape is characterized by intense innovation in catalyst design and increasing focus on sustainable sourcing practices. Overall, the precious metal precursor market is poised for continuous expansion, albeit with some inherent risks and challenges related to material prices and technological innovation. This in-depth report provides a comprehensive analysis of the global precious metal precursor market, valued at approximately $15 billion in 2023, projecting robust growth to reach $22 billion by 2028. It delves into market dynamics, key players, and future trends, offering invaluable insights for businesses operating within this lucrative sector. The report utilizes rigorous market research methodologies, incorporating data from industry leaders like Tanaka, Heraeus, Johnson Matthey, BASF, and Umicore, alongside emerging players such as Guiyan Platinum, Hangzhou Kaida Catalysis, and Shaanxi Ruike. High-search-volume keywords like "platinum nitrate market," "palladium precursor price," "rhodium catalyst applications," and "precious metal refining" are strategically incorporated throughout the report to maximize online visibility.

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.

3514 Global import shipment records of Rhodium with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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

The global high purity rhodium powder market is projected to reach XXX million by 2033, exhibiting a CAGR of XX% during the forecast period (2025-2033). The market growth is primarily driven by the increasing demand for rhodium in automotive catalysts, which play a crucial role in reducing harmful emissions from vehicles. The growing adoption of stringent emission regulations worldwide is expected to further boost the demand for high purity rhodium powder. Key trends in the market include the increasing use of rhodium in glass fiber production, electrical components, and jewelry manufacturing. The development of new applications for rhodium, such as in fuel cells and medical devices, is also expected to contribute to market growth. However, factors such as the high price of rhodium and the potential impact of economic downturns on the automotive industry could restrain market growth. Major players in the market include Nornickel, Sibanye-Stillwater, Anglo American, Impala Platinum, Sino-Platinum Metals, Hunan Ultra Minor Metals, Beijing Gaoke New Materials, and Jiangsu Jinwo New Material.

1027 Global import shipment records of Rhodium For Gold Plating with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The global catalytic converter market is poised for significant growth, projected to reach a value of $55.55 billion in 2025 and exhibiting a Compound Annual Growth Rate (CAGR) of 6.8% from 2025 to 2033. This robust expansion is driven by stringent government regulations aimed at reducing vehicular emissions, particularly in developed nations like those in North America and Europe. The increasing adoption of catalytic converters in various applications beyond the automotive sector, such as construction and industrial machinery, is further fueling market growth. Technological advancements leading to improved efficiency and durability of converters, alongside rising demand from emerging economies like China and India, contribute to this positive outlook. However, the market faces certain restraints, including fluctuating prices of precious metals like platinum, palladium, and rhodium, which are crucial components in converter manufacturing. Furthermore, the development and adoption of alternative emission control technologies, like selective catalytic reduction (SCR) systems, could potentially impact future growth rates. The market is segmented by type (platinum, palladium, rhodium, and others) and application (automotive, construction, mining, agriculture, and others), with the automotive segment currently dominating due to the widespread use of catalytic converters in vehicles. Major players in the market, including Faurecia, Tenneco, Eberspaecher, and Johnson Matthey, are actively engaged in research and development to enhance converter technology and meet the evolving regulatory landscape. The substantial growth projected for the catalytic converter market is supported by the increasing global fleet of vehicles, particularly in developing nations experiencing rapid motorization. This coupled with the ever-tightening emission standards worldwide necessitate the use of efficient catalytic converters. While the automotive segment remains the primary driver, the expansion into diverse applications like industrial machinery and power generation presents new avenues for growth. Competition among manufacturers is intense, pushing innovation towards cost-effective and high-performance converters. The market's future trajectory will be significantly shaped by factors like the price volatility of precious metals, the pace of technological advancements in emission control systems, and the effectiveness of government policies in promoting clean transportation. A successful strategy for market players will involve navigating the complexities of these interacting factors and adapting to the dynamic nature of the industry. This comprehensive report provides an in-depth analysis of the global catalytic converter market, projected to reach a value exceeding $50 billion by 2030. It delves into key market segments, competitive landscapes, and future growth trajectories, offering invaluable insights for stakeholders across the automotive, industrial, and manufacturing sectors. The report leverages extensive primary and secondary research, encompassing detailed financial data, market trends, and expert opinions to offer a holistic view of this dynamic industry.

13628 Global export shipment records of Rhodium Plated with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Indonesia Import: Value: Rhodium, Unwrought or in Powder Form; Other than in Lumps, Ingots, Cast Bars or in Powder Form data was reported at 0.000 USD mn in Nov 2024. This records an increase from the previous number of 0.000 USD mn for Jul 2022. Indonesia Import: Value: Rhodium, Unwrought or in Powder Form; Other than in Lumps, Ingots, Cast Bars or in Powder Form data is updated monthly, averaging 0.022 USD mn from Feb 2019 (Median) to Nov 2024, with 32 observations. The data reached an all-time high of 0.047 USD mn in Jul 2019 and a record low of 0.000 USD mn in Jul 2022. Indonesia Import: Value: Rhodium, Unwrought or in Powder Form; Other than in Lumps, Ingots, Cast Bars or in Powder Form data remains active status in CEIC and is reported by Statistics Indonesia. The data is categorized under Indonesia Premium Database’s Foreign Trade – Table ID.JAH169: Foreign Trade: by HS 8 Digits: Import: HS71: Natural, Cultured Pearls, Precious, Semi-Precious Stones, Precious Metals, Metals Clad with Precious Metal, and Articles Thereof, Imitatio.

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