Valterra Platinum, operator of Platreef, UG2, Merensky and Great Dyke PGM ores, has publicly targeted chrome concentrate sales exceeding 2 million mt over the next five years under its Vision 2031 strategy. Increased chrome recovery from PGM ore processing streams could tighten available PGM ore feedstocks and influence PGM concentrate availability and pricing.
Valterra Platinum's refined PGM output fell in 2025 after February flooding at its Amandelbult mine disrupted supply, with production recovering later in the year as operations normalized. The supply contraction, combined with processing bottlenecks earlier in the year, tightened available refined PGM volumes.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Rhodium | China | FOB | USD 279.98/Gram | August 2026 |
| Rhodium | India | CIF | USD 279.98/Gram | August 2026 |
| Rhodium | USA | CIF | USD 279.98/Gram | August 2026 |
| Rhodium | Netherlands | CIF | USD 279.98/Gram | August 2026 |
| Rhodium | Brazil | CIF | USD 279.98/Gram | August 2026 |
| Rhodium | China | FOB | USD 263.87/Gram | July 2026 |
| Rhodium | India | CIF | USD 263.98/Gram | July 2026 |
| Rhodium | USA | CIF | USD 264.06/Gram | July 2026 |
| Rhodium | Netherlands | CIF | USD 264.01/Gram | July 2026 |
| Rhodium | Brazil | CIF | USD 264.15/Gram | July 2026 |
Stay updated with the latest Rhodium prices, historical data, and tailored regional analysis
In China, the average Rhodium price declined from USD 321/gram (FOB) in April to USD 260/gram (FOB) in June, showing a 19.00% decrease. India recorded an average price of USD 321.01/gram (CIF) in April and USD 260.1/gram (CIF) in June, representing a 18.97% fall. During H1 2026, rhodium prices followed a fluctuating pattern, with the weakness emerging during Q2. Initially, the rhodium price curve displayed uptrend continuing the rising trend from the previous year. However, the prices started correcting in March. The downturn was mainly driven by weaker demand from gasoline-vehicle autocatalysts as China’s transition toward new-energy vehicles accelerated. Chinese new-energy vehicle output increased 17.8% year on year in May, reducing the long-term requirement for rhodium-intensive exhaust-treatment systems. Strong Chinese vehicle exports provided some offset because exported combustion-engine vehicles often require higher catalyst loadings to meet destination-market emission standards. Supply conditions also became less supportive as autocatalyst recycling improved and the global market moved closer to surplus expectations.
Analyst Insight
According to Procurement Resource, rhodium prices are expected to remain soft to stable as weaker combustion-engine demand and higher recycling availability outweigh support from export-oriented automotive consumption.
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The Rhodium price trend in the second half of 2025 reflected a period of notable upward movement, as supply constraints and rising demand from technology-driven sectors pushed the market higher. Rhodium prices climbed sharply during the period, continuing a trajectory that had begun earlier in the year. The Rhodium price curve maintained an ascending direction, supported by growing consumption in high-density data storage applications linked to expanding AI infrastructure and cloud computing adoption.
Supply remained structurally tight, as rhodium continued to be produced primarily as a byproduct of platinum mining operations in South Africa and Russia. With global annual output estimated at approximately 30 tons, availability was insufficient to meet accelerating demand. According to the Rhodium price database, procurement activity reflected urgency among buyers in the electronics and data storage sectors, where the metal's role in hard drive recording capacity made it difficult to substitute. Automotive sector demand for catalytic converters also remained a contributing factor, adding further pressure to an already constrained supply picture. Overall, Rhodium markets stayed active through the latter part of the year, with trade volumes reflecting heightened interest from industrial buyers seeking to secure supply ahead of anticipated shortages.
Analyst Insight
According to Procurement Resource, looking ahead, demand from AI-linked data storage and automotive applications is expected to keep supply conditions tight. Price support is likely to persist in the near term as affordable substitutes remain limited.
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.
Rh
Catalyst, Strong, Complexing Agent, Alloys, Other
Rhodium Fume, Rhodium on Carbon
Umicore N.V, Russian Platinum , Anglo American Platinum Limited, Johnson Matthey, BASF SE, E Buddy Recyclers
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
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