Rhodium traded flat at 8,050 USD/t oz. on October 24, 2025. Over the past month, Rhodium's price has risen 12.20%, and is up 70.37% 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 October 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.

Current spot price plus 1-month and 1-year forecasts for Rhodium as published on ChAI Predict.

Palladium rose to 1,462.50 USD/t.oz on October 24, 2025, up 0.76% from the previous day. Over the past month, Palladium's price has risen 15.66%, and is up 21.88% 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 October of 2025.

In 2025, the price of platinum is forecast to hover around ***** U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to ***** 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 ***** 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 **** 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 **** 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 ***** U.S. dollars per ounce, making it the most expensive precious metal in 2023.

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 rhodium market size reached USD 2.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 3.4 Billion by 2033, exhibiting a growth rate (CAGR) of 5.18% during 2025-2033. The rising demand for catalytic converters from the automotive industry, growing demand for EVs, their unique catalytic properties, and expanding product application across diverse industries such as electronics, chemical, and jewelry are some of the major factors propelling the market.

IMARC Group provides an analysis of the key trends in each segment of the global rhodium market report, along with forecasts at the global, regional and country levels for 2025-2033. Our report has categorized the market based on source, product type, application, and end use industry.

Rhodium Market Outlook

The global rhodium market size was valued at approximately $2 billion in 2023 and is projected to reach $4 billion by 2032, growing at a compound annual growth rate (CAGR) of around 8%. The growth of this market is primarily driven by the increasing demand for rhodium in various applications, including automotive, electronics, and jewelry. The unique properties of rhodium, such as its high reflectivity, corrosion resistance, and ability to withstand high temperatures, make it an invaluable component in numerous industrial and commercial applications. These factors, combined with the rising technological advancements, are expected to fuel the market's growth over the forecast period.

One of the major growth factors for the rhodium market is the escalating demand within the automotive industry. Rhodium is extensively used in catalytic converters, which are crucial for reducing harmful emissions from vehicles. With the global push towards stricter emission norms and the increasing production of automobiles, particularly in developing regions, the demand for catalytic converters and, by extension, rhodium is surging. Additionally, the shift towards electric vehicles, which also utilize rhodium, albeit in different capacities, further adds to the demand. This trend is expected to continue as environmental regulations become more stringent, thus driving the growth of the rhodium market.

In the electronics industry, rhodium's exceptional electrical conductivity and resistance to tarnish have led to its increased use in electrical contacts and connectors. As the world becomes increasingly digital and the demand for electronic devices continues to rise, the need for reliable and efficient electrical components is paramount. Rhodium, with its superior properties, is being increasingly utilized to ensure device longevity and reliability. Furthermore, advancements in technology and the miniaturization of electronic components are creating new opportunities for rhodium applications, thereby contributing to market growth.

The jewelry industry also plays a significant role in the rising demand for rhodium. Known for its brilliant reflective properties, rhodium is often used to plate white gold and silver jewelry, enhancing their appearance and durability. The aesthetic appeal of rhodium-plated jewelry has gained popularity among consumers, driving the demand for rhodium in this segment. With the growing global population and increasing disposable incomes, particularly in emerging markets, the demand for luxury and high-quality jewelry is on the rise, further bolstering the rhodium market.

Regionally, the Asia Pacific emerges as a dominant player in the rhodium market, attributed to its robust automotive and electronics industries. Countries like China, Japan, and India are witnessing rapid industrial growth and urbanization, leading to increased demand for rhodium. North America and Europe also hold significant shares of the market, driven by technological advancements and stringent environmental regulations. These regions are expected to maintain a steady growth trajectory, supported by continuous innovation and a strong focus on reducing carbon emissions.

Form Analysis

The rhodium market is segmented by form into powder, sponge, and ingot, each catering to distinct industrial needs. Rhodium powder is primarily used in chemical applications where precision and reactivity are crucial. Its fine particle size allows for uniform distribution in catalytic processes, making it an ideal choice for chemical reactions that require high efficiency. The demand for rhodium powder is on the rise, particularly in the manufacturing of catalysts for chemical processes, as industries aim to optimize their production methods to achieve better yields and energy efficiency.

Rhodium sponge, characterized by its porous structure, is widely used in the automotive industry, especially in the production of catalytic converters. Its increased surface area allows for higher reactivity, making it an excellent medium for reducing vehicle emissions. The sponge form of rhodium is also favored in certain chemical applications where enhanced catalytic properties are required. With the automotive industry being a major consumer, the demand for rhodium sponge is expected to grow in tandem with the increasing production and sales of vehicles globally.

Rhodium ingots, on the other hand, are utilized in applications that require bulk rhodium, such as in the production of high-value jewelry and in certain industrial processes. The ingot form

The platinum-rhodium alloy market is experiencing robust growth, driven primarily by its unique properties—high melting point, excellent corrosion resistance, and superior catalytic activity—making it indispensable in various high-tech applications. The automotive industry, specifically catalytic converters for emission control, remains a significant consumer, contributing substantially to market value. However, the increasing demand for cleaner energy and stringent emission regulations are pushing innovation in catalytic converter design, leading to optimized alloy compositions and potentially altering the market share of different alloy types within the platinum-rhodium segment. Growth is further fueled by its use in high-temperature applications within aerospace and industrial processes. While precise market sizing requires specific data, considering the current value of the platinum group metals (PGMs) market and the relatively high proportion of rhodium within platinum alloys, a reasonable estimate for the 2025 market size could be in the range of $500-700 million. A conservative Compound Annual Growth Rate (CAGR) of 5-7% over the forecast period (2025-2033) seems plausible, given the steady, though not explosive, growth projected for the sectors utilizing these alloys. Market restraints include the inherent volatility in platinum and rhodium prices, subject to fluctuations in supply and demand. Geopolitical factors also play a significant role, impacting mining activities and influencing overall market stability. Furthermore, research into alternative catalyst materials poses a potential long-term challenge, although the superior performance of platinum-rhodium alloys in demanding applications ensures continued relevance. Segment analysis would benefit from further detail, potentially distinguishing between different alloy compositions and their corresponding applications, enabling a deeper understanding of market dynamics and future trends. Key players, such as Tanaka, American Elements, and XI'AN FUNCTION MATERIAL GROUP, are likely to play a defining role in shaping market developments through innovation and strategic partnerships, particularly concerning material sourcing and advanced manufacturing processes. Ultimately, the platinum-rhodium alloy market trajectory is tied closely to technological advancements in emissions control, aerospace, and industrial process optimization.

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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.

The global Platinum Group Metals (PGM) recycling market is experiencing robust growth, driven by increasing demand from key sectors like automotive (catalytic converters), electronics, and jewelry. While precise market size figures for 2025 aren't provided, a reasonable estimate, considering typical growth rates in the recycling sector and the current high value of PGMs, might place the 2025 market size at approximately $2 billion. A Compound Annual Growth Rate (CAGR) of, let's say, 8% (a conservative estimate considering fluctuating prices and technological advancements), projects a market value exceeding $3 billion by 2033. This growth is fueled by stringent environmental regulations promoting resource efficiency and the rising awareness of the economic and environmental benefits of PGM recycling. Key trends include advancements in recycling technologies, particularly hydrometallurgical processes, which enhance recovery rates and minimize environmental impact. The increasing adoption of electric vehicles, while initially posing a challenge, is also driving growth as it leads to a higher concentration of PGMs in end-of-life vehicles, making recycling economically viable. However, fluctuating PGM prices and the complexity of separating and refining PGMs from diverse waste streams remain key restraints. The market is segmented by application (jewelry, catalyst, electronics, battery, others) and type (platinum (Pt), rhodium (Rh), others), with the automotive catalyst segment representing a significant share due to the high concentration of PGMs in catalytic converters. Geographic distribution is spread across North America, Europe, Asia-Pacific, and other regions, with China and the US representing major markets. Leading companies like Umicore, Johnson Matthey, and Heraeus are at the forefront of innovation and market expansion, investing in advanced recycling technologies and expanding their global reach. The competitive landscape is characterized by both established players and emerging companies. Established players leverage their experience and extensive network to secure a significant market share. New entrants are focusing on niche applications and developing innovative technologies to gain a competitive edge. Future growth will depend on continued technological advancements, favorable regulatory environments, fluctuating PGM prices, and the sustained growth of the industries that utilize PGMs. Specifically, advancements in battery technology and the increase in PGM use in hydrogen fuel cells will significantly impact market growth in the coming years. The industry is also poised to benefit from increased collaboration and knowledge sharing between stakeholders, including manufacturers, recyclers, and research institutions, to improve recycling efficiency and optimize resource utilization.

Platinum Bullion Market Outlook

According to our latest research, the global platinum bullion market size reached USD 8.4 billion in 2024, demonstrating a strong position within the broader precious metals sector. The market is experiencing a compound annual growth rate (CAGR) of 5.6% and is forecasted to reach USD 13.6 billion by 2033, driven by increasing demand from both investment and industrial sectors. This robust growth is primarily attributed to platinumÂ’s unique properties, its rising appeal as a safe-haven asset, and expanding applications across jewelry and industrial domains, as per our latest research findings.

One of the primary growth factors propelling the platinum bullion market is its increasing adoption as a strategic investment asset. In an era marked by global economic uncertainties, investors are seeking diversification and stability through tangible assets, and platinum bullion offers a compelling alternative to gold and silver. The metalÂ’s rarity, combined with its high intrinsic value, makes it an attractive hedge against inflation and currency fluctuations. Additionally, the proliferation of investment products such as platinum exchange-traded funds (ETFs) and the growing presence of platinum in diversified portfolios have further broadened investor access and appeal, reinforcing the upward trajectory of the platinum bullion market.

Another significant driver is the industrial demand for platinum, particularly in automotive and electronics manufacturing. Platinum is a critical component in catalytic converters, which are essential for reducing vehicle emissions, and its use is expanding with the tightening of global emission standards. Furthermore, platinumÂ’s application in fuel cells and hydrogen production technologies is gaining momentum as the world transitions to cleaner energy solutions. This industrial utility, coupled with ongoing advancements in platinum recycling technologies, is ensuring a steady and resilient demand base, supplementing the investment-driven growth of the platinum bullion market.

The jewelry sector also plays a pivotal role in the expansion of the platinum bullion market. PlatinumÂ’s lustrous appearance, hypoallergenic properties, and enduring strength make it a preferred choice for high-end jewelry, particularly in emerging economies where rising disposable incomes are fueling luxury consumption. Leading jewelry brands are increasingly incorporating platinum into their collections, and consumer awareness campaigns are amplifying the metalÂ’s desirability. These trends are not only boosting direct sales of platinum jewelry but also enhancing the overall demand for platinum bullion as a raw material, further stimulating market growth.

Regionally, Asia Pacific stands out as a major contributor to the platinum bullion marketÂ’s growth, driven by robust demand from both investment and industrial sectors. China and India, in particular, are witnessing a surge in platinum consumption due to expanding middle classes, increased investment activity, and rapid industrialization. North America and Europe also represent significant markets, with established investment infrastructures and strong industrial bases. Meanwhile, the Middle East is emerging as a key player, leveraging its wealth and growing interest in precious metals. This diverse regional landscape is fostering a dynamic and resilient global market for platinum bullion.

Rhodium, another member of the platinum group metals, is garnering attention for its unique properties and applications. Known for its reflective surface and resistance to corrosion, rhodium is primarily used in catalytic converters, similar to platinum. Its rarity and high melting point make it a valuable asset in the automotive industry, where it plays a crucial role in reducing harmful emissions. The demand for rhodium is also being driven by its use in jewelry, where it is often used to plate white gold and silver to enhance their appearance and durability. As emission standards become more stringent globally, the demand for rhodium is expected to rise, further influencing the dynamics of the platinum group metals market.

PGM Price Hedging for Autocatalyst Market Outlook

According to our latest research, the global PGM price hedging for autocatalyst market size reached USD 4.52 billion in 2024, driven by robust demand from the automotive sector and increasing volatility in precious group metal (PGM) prices. The market is expected to grow at a CAGR of 7.3% from 2025 to 2033, with the forecasted market size projected to reach USD 8.36 billion by 2033. The primary growth factor for this market is the heightened need for price risk mitigation among automotive manufacturers and refiners, particularly due to the unpredictable fluctuations in platinum, palladium, and rhodium prices.

The growth of the PGM price hedging for autocatalyst market is significantly influenced by the rising adoption of autocatalysts in both light-duty and heavy-duty vehicles. As global emission standards become increasingly stringent, automakers are compelled to integrate advanced autocatalysts that require substantial quantities of PGMs such as platinum, palladium, and rhodium. Given the high price volatility of these metals, market participants are increasingly relying on sophisticated hedging instruments to stabilize their costs and maintain profitability. The expansion of the electric vehicle (EV) market, while a potential long-term challenge, is currently offset by strong demand for hybrid vehicles and the continued use of internal combustion engines (ICEs) in various regions, ensuring sustained demand for autocatalysts and, consequently, PGM price hedging solutions.

Another major growth driver is the increasing sophistication of financial instruments available for hedging PGM price risks. The entry of new financial players and the evolution of derivative markets have made it easier for end-users such as automotive manufacturers, refiners, and traders to access a diverse range of hedging instruments, including futures, options, swaps, and forwards. This enhanced accessibility allows stakeholders to tailor their risk management strategies according to their unique exposure profiles and market outlooks. Furthermore, heightened awareness about the importance of price risk management, coupled with rising instances of PGM supply disruptions due to geopolitical tensions and mining challenges, has reinforced the need for comprehensive hedging strategies.

Regionally, the Asia Pacific market is witnessing the fastest growth, propelled by the rapid expansion of the automotive manufacturing sector in countries like China, India, and Japan. North America and Europe also hold significant shares, supported by established automotive industries and advanced financial markets. The Middle East & Africa and Latin America, while currently smaller in market size, are expected to see accelerated growth as regional players increase their exposure to global PGM supply chains and seek to mitigate associated price risks. The regional dynamics are further shaped by varying regulatory frameworks, local market maturity, and the degree of integration with global commodity exchanges.

The role of Platinum Group Metals Automotive Catalyst is pivotal in the current landscape of emission control technologies. These catalysts are essential for converting harmful gases from vehicle exhausts into less harmful emissions, thereby playing a crucial role in meeting stringent environmental regulations. The demand for these catalysts is driven by the increasing production of vehicles and the need to adhere to global emission standards. As automotive manufacturers strive to reduce their carbon footprint, the integration of PGMs in catalytic converters becomes indispensable. The unique properties of platinum, palladium, and rhodium in facilitating chemical reactions make them irreplaceable in this context, ensuring their continued relevance in the automotive industry.

Hedging Instrument Analysis

The hedging instrument segment

The automotive catalytic converter recycling market is poised for significant growth through 2029, driven by increasingly stringent environmental regulations globally and the rising number of end-of-life vehicles (ELVs). The market's expansion is further fueled by technological advancements in recycling processes that improve the recovery rates of precious metals like platinum, palladium, and rhodium, thereby increasing the economic viability of recycling. While fluctuating precious metal prices present a challenge, the long-term outlook remains positive due to the inherent value of these metals and growing awareness of responsible resource management. We project a Compound Annual Growth Rate (CAGR) of approximately 7% between 2025 and 2029, based on a conservative estimate considering historical growth and current market dynamics. This growth will be particularly noticeable in regions with high vehicle populations and robust recycling infrastructure, such as North America and Europe. However, developing economies in Asia-Pacific also represent substantial untapped potential, presenting opportunities for market expansion as these regions develop their own recycling capabilities and environmental regulations become more stringent. Segmentation within the market will continue to be driven by different application types (e.g., passenger vehicles, heavy-duty vehicles) and varying recycling technologies. The competitive landscape is expected to see consolidation as larger players acquire smaller companies to benefit from economies of scale and expand their geographic reach. Technological innovation will play a crucial role, particularly in developing more efficient and cost-effective recycling techniques. Furthermore, partnerships between auto manufacturers, recycling companies, and governmental bodies will be instrumental in driving responsible end-of-life vehicle management and promoting the circular economy. Challenges include the need for consistent and standardized recycling practices across different geographical areas and the potential for illicit activities in the informal recycling sector which can negatively impact the responsible management of precious metals. The market size in 2025 is estimated at $15 Billion, growing to approximately $22 Billion by 2029, based on a conservative estimation considering the projected CAGR and incorporating market factors.