Table Of Contents

Subscribe to Unlock Access

  • Price Across Multiple Locations
  • Market Insights
  • Download Data in Excel Format
  • Short Term Price Forecasts
  • Prices of More than 400 Commodities and Utilities

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

Rhodium Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Rhodium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Rhodium Price Trend for the First Half of 2023

Rhodium is a precious rare earth metal that is a member of the platinum group of elements. Rhodium is a silvery-white metal with extraordinary qualities, such as excellent corrosion resistance that make it valuable for use in the manufacture of catalytic converters for cars. It also offers extraordinary reflectivity, which is frequently used as a coating for jewelry and mirrors. It is also a superior electrical conductor and has a high melting point.

Rhodium Price Trends

In India, the price trend of Rhodium markets faced a steep decline in the profit rates as mining activities struggled to keep the market sentiments afloat. The decline in the prices was also contributed by the decrease in demand from China and the effect of Russian metal being sold at a discount in the Asian market. Its main employer is the automotive and magnetics sector, which faced several disruptions and a consistent decline in the number of sales that negatively affected the overall sentiments of the price growth of Rhodium.

Analyst Insight

According to Procurement Resource, the price of Rhodium is expected to suffer from high rates of mining and rising levels of inventories while the demand from the automotive sectors is estimated to fall.

Procurement Resource provides latest prices of Rhodium. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Please Login or Subscribe to explore our dashboard.

About

Rhodium is a rare chemical element with a silvery-white appearance. It is a hard, chemically inert, and corrosion-resistant transition metal. It is a member of the platinum group. It has only one naturally occurring isotope, that is, 103Rh. Rhodium, in its powdered form, is primarily used as the cars' catalytic converter and is popular as a highly useful metallic agent.

Product Details

Report Features Details
Product Name Rhodium
Industrial Uses Catalyst, Strong, complexing agent, Alloys, Other
Chemical Formula Rh
Synonyms 7440-16-6, Rhodium fume, Rhodium on carbon
Molecular Weight 102.9055 g/mol
Supplier Database Umicore N.V, Russian Platinum , Anglo American Platinum Limited, Johnson Matthey, BASF SE, E Buddy Recyclers 
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Process

  • Production of Rhodium via Extraction

Rhodium is extracted or derived as a by-product of platinum and nickel mining and processing. The product is then separated from the ores and refined before its commercial use.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

Subscribe to Unlock Access

  • Price Across Multiple Locations
  • Market Insights
  • Download Data in Excel Format
  • Short Term Price Forecasts
  • Prices of More than 400 Commodities and Utilities

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

Our Clients

client-image

NEWSLETTER

Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.