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Rhodium Price Chart, Historical and Forecast Analysis Provided by Procurement Resource

Rhodium is a chemical element and has the atomic number 45. It is abbreviated by the symbol Rh. It is an uncommon, silvery-white, hard, and corrosion-free transition metal.

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It is a member of the platinum group and is considered a valuable and noble metal. The melting point of rhodium is 1,963 °C and its electronic configuration is [Kr] 4d85s1.

The atomic weight of rhodium is 102.905 g/mol and its boiling point is 3,727° C (6,741° F). The specific gravity of rhodium is 12.4 (20° C). It has only one naturally occurring isotope ¹⁰³Rh.

South Africa, Russia, Zimbabwe, Canada, the United States, Colombia, Botswana, and Finland are the leading rhodium-producing countries.

Key Details About the Rhodium Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Rhodium price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The rhodium Price trend, including India’s rhodium price, USA’s rhodium price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Rhodium Price Trend:

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Rhodium is extensively used in catalytic converters of cars. It is also employed as a catalyst in the chemical industry to produce nitric acid and acetic acid and for hydrogenation reactions.

Moreover, it is also utilised to coat optic fibres and optical mirrors for crucibles, thermocouple elements, and headlight reflectors.

Other than that, owing to its low electrical resistance and high resistance to erosion, rhodium is used as an electrical contact material in nuclear reactors.

It is also used as an alloying agent for hardening and improving the corrosion resistance of platinum and palladium metals.

Key Players:

  • Umicore N.V.
  • Russian Platinum
  • Anglo American Platinum Limited
  • Johnson Matthey
  • BASF SE
  • E Buddy Recyclers

Recent Development

  • May 16, 2022: The platinum, palladium, and rhodium markets would face a decline. These three metals are extensively employed in autocatalysts and help in reducing emissions from vehicle engines. A scarce supply of rhodium and palladium has also resulted in record-high prices in recent years.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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Reference Link – https://researz.com/rhodium-pricing-database/

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