Rhodium prices have been trading below $15,000 per troy ounce since mid-September, as traders took a breather following months of decay in the metal’s price. Still, rhodium prices have slumped 51% since it touched an all-time high of $29,800 in late March, on concerns from the automotive industry, which constitutes roughly 90% of its demand. Global carmakers have either slowed production levels or temporarily shut down plants due to intense supply bottlenecks, namely a worldwide shortage of semiconductor chips. Heraeus Precious Metals, one of the world’s largest platinum group metal refiners, expects these chip shortages to potentially last until 2Q 2022.

Historically, RHODIUM reached an all time high of 29800 in March of 2021. RHODIUM - data, forecasts, historical chart - was last updated on November of 2021.

RHODIUM is expected to trade at 21409.20 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 24122.40 in 12 months time.

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RHODIUM


Price Day Month Year
Coal 175.75 17.75 11.23% -21.31% 175.04%
Bitumen 2,972.00 -102.00 -3.32% -5.53% 22.10%
Cobalt 63,155.00 0 0% 11.69% 94.98%
Lead 2,305.50 -1.50 -0.07% -4.72% 10.34%
Aluminum 2,615.00 -102.50 -3.77% -2.64% 30.86%
Tin 38,652.00 -1,057.00 -2.66% 9.22% 104.13%
Zinc 3,194.00 -106.50 -3.23% -4.23% 13.72%
Nickel 20,070.00 -785.00 -3.76% 2.77% 22.30%
Molybdenum 45.00 0 0% 0% 91.49%
Palladium 1,747.95 -111.75 -6.01% -11.00% -27.92%
Gallium 2,275.00 0 0% 10.17% 53.72%
Germanium 9,150.00 0 0% 1.67% 28.87%
Manganese 34.50 0 0% -2.82% 23.21%
Indium 1,610.00 0 0% -2.42% 47.71%
Soda Ash 3,462.50 -25.00 -0.72% -3.15% 116.41%
Neodymium 1,045,000.00 0 0% 20.81% 65.87%
Tellurium 475.00 -5.00 -1.04% -2.56% 4.40%
Iron Ore 62% fe 94.44 0.11 0.12% -22.82% -23.99%
Rhodium 13,700.00 -50.00 -0.36% -2.84% -14.91%


RHODIUM
Rhodium is a silver-white metallic element resistant to corrosion and highly reflective. It is considered the rarest and most valuable precious metal in the world. The main use for rhodium is in catalytic converters designed to clean vehicle emissions. The biggest producer of rhodium is South Africa. There is no futures market for rhodium, but there are a few exchanges which trade the element including Johnson Matthey in Hong Kong.