Tools
Live Rhodium Price Chart
Current rhodium price with interactive historical charts. Track price movements across customizable timeframes.
Unlike gold and silver, rhodium has no exchange-traded futures market. Prices are daily dealer indications. Current price is the Umicore 10am daily indication.
About Rhodium
Rhodium is the rarest and most valuable of the six platinum group metals. It is primarily produced as a byproduct of platinum and palladium mining in South Africa, which accounts for roughly 80% of global supply. Annual production is only about 30 tonnes worldwide, making it one of the scarcest metals on Earth.
The overwhelming majority of rhodium demand comes from the automotive industry, where it is a critical component in three-way catalytic converters. Rhodium is uniquely effective at converting nitrogen oxides (NOx) into harmless nitrogen and oxygen. Tightening global emissions standards have kept demand strong, while supply remains constrained and inelastic.
Rhodium is one of the most volatile precious metals. Because there is no exchange-traded futures market and no centralized exchange, prices are set by a handful of industrial suppliers. The market is thin, with small changes in supply or demand capable of producing outsized price swings. Rhodium spiked above $29,000 per ounce in 2021 before correcting sharply.
For investors, rhodium presents unique challenges. There are no ETFs, no futures contracts, and very limited physical product availability. Most rhodium investment takes the form of sponge or bars purchased directly from refiners. The lack of a liquid secondary market means bid-ask spreads tend to be wide.