Rhodium
Catalysts
Fuel cells
Buy Rhodium
Raw material producers:
South Africa, Russia, Canada
Areas of application:
Automotive industry (catalytic converters)
Glass production (Brushing),
Chemical industry
Market forecasts:
- The global rhodium market is expected to grow by 5.7 % annually until 2031, driven by demand for automotive catalytic converters and other industrial applications.1
- Limited availability and high demand, especially from the automotive industry, make rhodium volatile. There have been repeated deficits, which led to an all-time high of almost USD 30,000/ounce in 2021. As a pure by-product of platinum and palladium, rhodium production can hardly be increased.2
1) matthey.com/products-and-markets/pgms-and-circularity/pgm-markets/pgm-market-reports
2) mining.com/web/rhodium-market-hits-20-month-high-after-amplats-bid/