Rhodium Price Trend Analysis, Historical Chart and Forecast from Christeen Johnson's blog

Rhodium (Rh) exhibits a silvery-white hue and belongs to the rare earth element category. This robust metal boasts resistance to corrosion and chemical inertness. As a noble metal, it is part of the platinum group and occurs naturally in platinum and nickel ores. With melting and boiling points registering at approximately 2237°C and 3968°C, respectively, rhodium is known for its formidable physical properties.

Renowned for its durability and high reflectance, rhodium does not undergo oxide formation when exposed to oxygen, even under elevated temperatures. It remains unreactive to acids, particularly nitric acid, although it displays slight solubility in aqua regia. Commercially, rhodium finds application in fuel manufacturing and the nuclear energy sector.

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The key importing countries for Rhodium are India, the United States, and Germany. On the other hand, the key exporting countries for the same are India, Italy, and Germany.

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 analysis, including India Rhodium price, USA 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:

Rhodium plays a key role in the creation of alloys when combined with other commonly used metals for large-scale applications. Its catalytic properties are utilized in the production of diverse chemical compounds. Beyond this, rhodium finds application in the manufacturing of various machinery components such as furnace coils, aircraft spark plug electrodes, engines, and laboratory enclosures.

Furthermore, rhodium is integral in the development and production of catalytic converters for vehicles, aiding in the reduction of nitrous oxide emissions from vehicle exhaust. Its electroplating capability allows it to be applied to other metal objects, providing an appealing and lustrous surface suitable for crafting diverse jewelry and decorative items. Notably, rhodium finds significant use in nuclear reactors, nuclear fuels, and the creation of thermocouple elements.

Key Players:

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

News & Recent Development

• Date: February 21, 2023- The plastics manufacturer, Shandong Fiberglass Group, plans to utilize its fixed assets of Rhodium powder to stabilize its financial performance.

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