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 fell to 7,425 USD/t oz. on August 22, 2025, down 0.67% from the previous day. Over the past month, Rhodium's price has risen 23.75%, and is up 56.32% 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 August of 2025.

Precious Metal Recovery Market Outlook

The global precious metal recovery market is witnessing a significant expansion, with a market size valued at approximately USD 21 billion in 2023 and projected to reach around USD 38 billion by 2032, growing at a robust CAGR of 6.5% from 2024 to 2032. The growth of this market is primarily driven by the increasing demand for sustainable and efficient recycling processes in various industries, such as electronics and automotive, coupled with technological advancements in recovery processes. As the world becomes more conscious of environmental impacts and resource conservation, the emphasis on recovering valuable metals from waste streams has intensified, providing a lucrative growth trajectory to this market.

One of the significant growth factors in the precious metal recovery market is the escalating volume of electronic waste (e-waste) generated globally. With rapid technological advancements and the resulting obsolescence of gadgets, e-waste is accumulating at an unprecedented rate, creating a vast repository of precious metals waiting to be recovered. Key metals such as gold, silver, palladium, and platinum are abundant in electronic scrap, and their recovery not only offers financial incentives but also reduces environmental pollution. Furthermore, regulatory mandates and policies promoting e-waste recycling augment the growth of the market. Government initiatives around the globe encourage the recycling of electronic components, driving the demand for technologically advanced precious metal recovery solutions.

Another driving factor is the automotive industry's increasing reliance on catalytic converters, which contain precious metals like platinum, palladium, and rhodium. As vehicle production scales up, particularly in emerging economies, the demand for catalytic converter recycling rises significantly. The metal recovery from automotive catalysts not only contributes to resource efficiency but also aids in the compliance with stringent environmental regulations aimed at reducing vehicular emissions. With the continuous development of hybrid and electric vehicles, the automotive sector remains a critical contributor to the growth of the precious metal recovery market.

Moreover, the global emphasis on sustainable industrial practices has led to the adoption of recycling and recovery processes in the chemical and jewelry industries. These industries are investing heavily in recycling techniques to minimize waste and optimize resource utilization, thereby driving market growth. The chemical industry, in particular, involves processes that yield industrial waste containing precious metals, which can be efficiently recycled. Similarly, the jewelry industry, driven by fluctuating precious metal prices and ethical sourcing challenges, is increasingly focusing on metal recovery to meet demand sustainably. This shift towards sustainability is expected to further propel the market expansion.

Noble Metal Recycling has emerged as a pivotal component within the broader context of precious metal recovery. As industries strive to enhance sustainability and resource efficiency, the recycling of noble metals such as gold, platinum, and palladium is gaining traction. These metals, known for their exceptional resistance to corrosion and oxidation, are integral to various high-tech applications, including electronics, automotive catalytic converters, and medical devices. By focusing on the recycling of noble metals, industries not only reduce the environmental impact associated with mining and refining but also secure a stable supply of these critical materials. The advancement of recycling technologies is further enabling the efficient recovery of noble metals from complex waste streams, reinforcing their role in the circular economy.

From a regional perspective, Asia Pacific is expected to dominate the market, owing to rapid industrialization, a surge in electronic manufacturing, and the presence of major automobile producers. North America and Europe follow closely, driven by stringent environmental regulations and advanced technological capabilities. In Latin America and the Middle East & Africa, the market is anticipated to grow steadily, supported by increasing awareness of recycling benefits and ongoing infrastructure developments. These regions are witnessing a gradual shift towards adopting sophisticated recovery technologies to enhance the efficiency and yield of precious metal extraction processes.

Technology Analysis

The global waste three-way catalytic converter (TWC) precious metal recycling market is experiencing robust growth, driven by increasing vehicle scrappage rates, stringent environmental regulations promoting recycling, and rising demand for platinum, palladium, and rhodium in various industrial applications. While precise market size figures for 2025 are unavailable, considering typical market growth patterns and recent industry reports, a reasonable estimation places the market value at approximately $2.5 billion in 2025. Assuming a Compound Annual Growth Rate (CAGR) of 8% (a conservative estimate considering the factors mentioned above), the market is projected to reach approximately $4.2 billion by 2033. This growth is further fueled by technological advancements in precious metal extraction and refining processes, enhancing efficiency and profitability within the recycling sector. The market is segmented by converter type (large honeycomb hole, small honeycomb hole) and the precious metals recovered (platinum, palladium, rhodium, others), each contributing uniquely to the overall market dynamics. Geographic distribution reveals significant regional variations, with North America and Europe currently holding substantial market shares due to higher vehicle ownership and established recycling infrastructure. However, rapidly developing economies in Asia Pacific are expected to witness significant growth in the coming years, driven by increasing vehicle production and scrapping. The key restraints to market growth include fluctuating precious metal prices, which impact the economic viability of recycling operations, and the complexities associated with efficient and environmentally sound extraction techniques. Despite these challenges, the long-term outlook remains positive, driven by the increasing scarcity of these precious metals, strengthening environmental concerns, and the continuous development of more efficient and sustainable recycling technologies. Major players in this market are strategically investing in research and development to optimize recovery rates, improve processing efficiency, and expand their geographical reach to capitalize on the growing market opportunities. The competitive landscape is characterized by both large multinational corporations and smaller specialized recycling companies, leading to a dynamic interplay of innovation and consolidation.

Palladium rose to 1,119 USD/t.oz on August 22, 2025, up 2.10% from the previous day. Over the past month, Palladium's price has fallen 16.34%, but it is still 18.73% 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 August of 2025.

The catalytic converter recycling market is experiencing robust growth, driven by increasing vehicle scrappage rates, stringent environmental regulations promoting responsible waste management, and the rising demand for precious metals like platinum, palladium, and rhodium. This market, valued at approximately $2.5 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 8% from 2025 to 2033. This growth is fueled by several key factors. Firstly, the automotive industry's continuous expansion globally contributes to a larger pool of end-of-life vehicles, providing a substantial feedstock for recycling. Secondly, governments worldwide are enacting stricter regulations on hazardous waste disposal, incentivizing the environmentally sound recycling of catalytic converters. Finally, the fluctuating prices of platinum group metals (PGMs) influence the profitability of recycling operations, creating further impetus for market expansion. The market segmentation, encompassing recycling of used and scrapped catalysts across applications like platinum, palladium, and rhodium recycling, presents various opportunities for specialized players. Significant regional variations exist within the market. North America and Europe currently hold substantial market shares, driven by high vehicle ownership and established recycling infrastructure. However, emerging economies in Asia-Pacific, particularly China and India, are witnessing rapid growth due to increasing vehicle sales and a developing recycling sector. Key players in this competitive landscape include established recyclers like KBI, Ecotrade, and BASF Catalysts, alongside specialized companies focusing on specific PGMs or recycling methods. The market's future trajectory is largely dependent on global automotive production trends, the price dynamics of PGMs, and the implementation of stricter environmental policies. Continuous technological advancements in recycling processes, aiming for higher recovery rates and lower environmental impact, will further shape the market's evolution. This report provides a detailed analysis of the global catalytic converter recycling market, a sector experiencing significant growth driven by increasing demand for precious metals and stringent environmental regulations. The market is estimated to be worth $2.5 billion in 2024 and is projected to reach $3.2 billion by 2029, exhibiting a robust Compound Annual Growth Rate (CAGR). This in-depth study covers key aspects of the industry, including market segmentation, competitive landscape, and future growth prospects.