Rhodium futures tumbled below the 14,000-an-ounce mark in June, a level not seen since October last year, as supply bottlenecks and weak demand continue to weigh on the automotive sector. The prevalent semi-conductor shortage and pandemic restrictions in top metal consumer China dampened the outlook for car sales worldwide, reducing demand for rhodium as an autocatalyst in vehicles. In the meantime, investors monitor possible trade restrictions from major producer Russia as the West continues to impose sanctions on Moscow, exacerbating rhodium's already tight global availability. Although South Africa is a significant source of rhodium at almost 60% of the world supply, Russia accounts for 10% of the international market. .

Historically, Rhodium reached an all time high of 29800 in March of 2021. Rhodium - data, forecasts, historical chart - was last updated on June of 2022.

Rhodium is expected to trade at 24122.40 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 27181.12 in 12 months time.

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Rhodium



Price Day Month Year
Coal 397.00 2.00 0.51% -0.75% 210.88%
Bitumen 4,368.00 -18.00 -0.41% -0.55% 26.39%
Cobalt 72,400.00 0 0% -3.47% 58.93%
Lead 1,913.25 -32.25 -1.66% -8.44% -13.57%
Aluminum 2,456.00 -21.50 -0.87% -14.54% -1.57%
Tin 24,590.00 -2395 -8.88% -27.82% -20.09%
Zinc 3,350.00 -141.50 -4.05% -10.68% 15.21%
Nickel 22,359.50 -1634 -6.81% -16.35% 20.71%
Molybdenum 43.50 0 0% -4.14% -13.86%
Palladium 1,876.33 32.15 1.74% -6.47% -28.85%
Gallium 3,225.00 0 0% 3.20% 50.35%
Germanium 8,800.00 0 0% 0% 15.03%
Manganese 33.50 0 0% 0% 3.88%
Indium 1,625.00 0 0% 10.17% 43.17%
Soda Ash 2,920.00 0 0% 3.18% 58.18%
Neodymium 1,190,000.00 0 0% 1.71% 104.29%
Tellurium 431.50 0 0% -0.80% -25.92%
Iron Ore 62% fe 129.71 -1.74 -1.32% -2.67% -39.44%
Rhodium 14,000.00 100 0.72% -10.26% -27.27%


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 (60% of the world supply) followed by Russia (10%). There is no futures market for rhodium, but there are a few exchanges that trade the element including Johnson Matthey in Hong Kong. .
Actual Previous Highest Lowest Dates Unit Frequency
14000.00 13900.00 29800.00 625.00 2012 - 2022 USD/t oz. Daily