Rhodium Prices

Rhodium Price Trend, Index and Forecast

Track the latest insights on rhodium price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Rhodium Prices Outlook Q2 2025

• USA: US$ 173,197/Kg
• Germany: US$ 72,737/Kg
• China: US$ 167,158/Kg
• Brazil: US$ 176,701/Kg
• Japan: US$ 170,100/Kg

Rhodium Price Chart

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During the second quarter of 2025, rhodium prices in the United States reached 173,197 USD/Kg in June. Rhodium prices in the United States showed a cautious recovery, supported by consistent demand from the automotive industry for catalytic converters, particularly in hybrid and gasoline-powered vehicles. However, substitution trends favoring palladium and platinum in certain applications created a mild downward pressure. Limited recycling output and fluctuating global supply added to market uncertainty. Strong industrial consumption, combined with investor interest in precious metals, helped balance these pressures, resulting in relatively stable pricing trends with occasional short-term fluctuations.

During the second quarter of 2025, rhodium prices in Germany reached 72,737 USD/Kg in June. Germany witnessed steady rhodium price movements, with the automotive sector remaining the primary consumer due to strict Euro 7 emission standards. Although automakers explored palladium and platinum as substitutes to control costs, the sustained regulatory push kept rhodium demand resilient. Industrial demand from the chemical and glass sectors also added stability. Import dynamics from South Africa, the key global supplier, influenced pricing, while cautious trading sentiment in Europe led to moderate price shifts, maintaining a largely balanced trend across the quarter.

During the second quarter of 2025, the rhodium prices in China reached 167,158 USD/Kg in June. Rhodium prices in China remained firm, supported by strong demand from the automotive sector amid ongoing efforts to curb vehicular emissions. Industrial use in glass manufacturing and electronics added further support to consumption. However, government-driven substitution strategies with palladium and platinum moderated demand growth. Import dependency on South African supplies also exposed the market to price volatility. Investor participation in the domestic precious metals market contributed to short-term fluctuations, though overall trends pointed toward stability with occasional upward momentum.

During the second quarter of 2025, the rhodium prices in Brazil reached 176,701 USD/Kg in June. Brazil’s rhodium market saw steady pricing trends, driven primarily by demand from the automotive industry as local production continued to align with stricter emission norms. Limited domestic supply meant reliance on imports, primarily from South Africa, which exposed the market to global supply fluctuations. Industrial uses in chemical and refining applications also provided consistent demand. Currency volatility and trade dynamics added an extra layer of uncertainty, but overall, prices followed a stable to mildly bullish trajectory across the quarter.

During the second quarter of 2025, the rhodium prices in Japan reached 170,100 USD/Kg in June. Japan’s rhodium prices reflected stable demand, supported by strong consumption in the automotive sector for emission control technologies. Industrial uses in glass and chemical processing further underpinned the market. However, substitution with palladium and platinum in some catalytic applications limited aggressive demand growth. Import reliance on South African supply created exposure to global price movements, but steady industrial activity and investor confidence in precious metals provided balance. Overall, rhodium maintained a stable pricing trend with limited fluctuations in Japan.

Rhodium Prices Outlook H2 2023

• USA: US$ 7,662/Troy Ounce

In the second half of 2023, the price of rhodium in the United States reached 7,662 USD/Troy Ounce.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the rhodium prices.

Global Rhodium Price Trend

The report offers a holistic view of the global rhodium pricing trends in the form of rhodium price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of rhodium, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed rhodium demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Rhodium Price Trend

Q2 2025:

In Europe, rhodium prices witnessed steady upward momentum due to persistent supply shortages and resilient industrial demand, particularly from the automotive sector for catalytic converters. Although the region continues transitioning toward EV adoption, reliance on internal combustion engines sustained strong consumption. Limited mine output, mainly from South Africa, combined with declining above-ground stocks, tightened the supply further. Investor interest and speculative positioning also strengthened prices. Overall, rhodium in Europe remained firm, supported by structural scarcity and industrial resilience throughout the quarter.

H2 2023:

Europe's rhodium pricing trends are deeply affected by its stringent environmental regulations and the push towards sustainable and recycled materials. The automotive and aerospace industries in Europe, which demand high-quality specialty metals, further complicate the pricing landscape. Energy costs and the availability of renewable energy sources also significantly influence rhodium production costs. Additionally, the region's dependency on rhodium imports, coupled with fluctuating currency values, adds another layer of complexity to understanding price trends in this market.

Detailed price information for rhodium can also be provided for an extensive list of European countries.

North America Rhodium Price Trend

Q2 2025:

In North America, rhodium prices increased consistently in the second quarter of 2025, driven by limited global supply and stable demand from the automotive and industrial sectors. The region’s refiners and automakers relied heavily on imports, which were impacted by constrained shipments from South Africa, the primary supplier. Declining inventories and tighter availability supported bullish momentum. Investor appetite also contributed, as rhodium continued outperforming platinum and palladium. Prices in North America stayed elevated across the quarter, reflecting structural tightness and steady consumption, with no near-term relief in supply pressures.

H2 2023:

In North America, rhodium prices are closely tied to technological advancements in extraction and processing techniques, which aim to reduce costs and enhance efficiency. The region's emphasis on defense and technology sectors, which require precise and high-grade metals, drives demand variability. Furthermore, trade policies, particularly those involving major trade partners like Canada and Mexico, heavily influence rhodium supply chains and pricing structures. The shift towards green energy and electric vehicles in North America also affects demand patterns for metals.

Specific rhodium historical data within the United States and Canada can also be provided.

Middle East and Africa Rhodium Price Trend

Q2 2025:

The report explores the rhodium trends and rhodium price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices. 

H2 2023:

The rhodium pricing trends in the Middle East and Africa are increasingly impacted by infrastructural developments and investments in the construction and transportation sectors. The region’s political climate and its effect on operational stability and security are also crucial in determining price trends. Additionally, the Middle East's strategic initiatives to diversify away from oil dependency and invest in mining and metal production capabilities are reshaping its market dynamics. In Africa, the availability of resources combined with foreign investment in mining projects heavily influences local and global rhodium supply and prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Rhodium Price Trend

Q2 2025:

The Asia Pacific region, especially China, recorded robust rhodium demand in the second quarter, keeping prices on an upward path. Automakers in China and Japan maintained strong usage in catalytic converters, while limited recycling volumes deepened supply strain. Disruptions in global mining output further tightened availability. Industrial players actively secured inventories, fueling higher prices amid speculative interest. Rhodium consistently outperformed other platinum group metals in APAC, supported by aggressive industrial buying, supply-chain vulnerabilities, and investor confidence. Overall, the second quarter saw sustained bullish trends across the region’s markets.

H2 2023:

In the Asia Pacific region, rhodium pricing dynamics are significantly influenced by robust industrial growth and expanding manufacturing sectors, particularly in China and India. The region's high demand for metals is driven by its active construction industry and increasing investments in infrastructure projects. However, supply disruptions due to geopolitical tensions and regulatory changes in mining practices also play a critical role in shaping price fluctuations. Additionally, trade policies and import-export tariffs continue to impact the cost structures and availability of rhodium, making the Asia Pacific market a complex environment for price trend analysis.

This rhodium price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Rhodium Price Trend

Q2 2025:

In Latin America, rhodium prices followed global bullish patterns, influenced by shrinking supply and strong industrial consumption. Automakers in Brazil and Mexico, key regional markets, relied on imports from constrained global suppliers, which raised procurement costs. Limited recycling and low local production heightened reliance on international markets. With prices already elevated globally, Latin American buyers faced higher input costs for automotive and chemical applications. Overall, the region experienced firm price trends, mirroring global tightness and demand-driven momentum throughout the quarter.

H2 2023:

Latin America's rhodium market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in rhodium prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, economic fluctuations and currency devaluation are critical factors that need to be considered when analyzing rhodium pricing trends in this region.

This comprehensive review can be extended to include specific countries within Latin America.

Rhodium Price Trend, Market Analysis, and News

IMARC's latest publication, “Rhodium Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the rhodium market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of rhodium at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed rhodium prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting rhodium pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Rhodium Industry Analysis

The global rhodium market size reached 23.57 Tons in 2024. By 2033, IMARC Group expects the market to reach 33.50 Tons, at a projected CAGR of 3.80% during 2025-2033.

• A major source of demand for rhodium is its use in catalytic converters for automotive exhaust systems, which helps reduce carbon emissions.
• Stricter environmental regulations across the globe are encouraging the reduction of vehicle emissions, leading to increased use of rhodium in numerous countries. Therefore, the adoption of Euro 6 and China 6 emission standards is contributing significantly to this rising demand.
• The adoption of hybrid vehicles that still require catalysts continues to drive the demand for rhodium.
• Rhodium's excellent electrical conductivity and resistance to corrosion make it valuable in the electronics industry. It is used in manufacturing electrical contacts, connectors, and circuits. The growing demand for advanced electronic devices and increasing production of consumer electronics contribute to the rising demand for rhodium.
• The aerospace sector utilizes rhodium for its high melting point, durability, and resistance to oxidation. Rhodium coatings are applied to aircraft turbine blades and other critical components to enhance performance and longevity. As the aerospace industry expands, driven by increased air travel and advancements in space exploration, the demand for rhodium in this sector is expected to grow.
• Innovations in catalytic converter technology that increase efficiency and reduce metal consumption are also positively influencing the demand for rhodium. Improved converter design can reduce the amount of rhodium required per unit, affecting overall market demand.
• In addition to automotive applications, rhodium is used in medicine for the production of nitric acid and as a catalyst. The growing use of these industrial applications contributes to the continued demand for rhodium.
• In the jewelry industry, white gold and sterling silver are coated with rhodium to improve their appearance and stain resistance. Increased consumer demand for rhodium jewelry is increasing demand.
• The rarity and high price of rhodium make it an attractive investment for hedge funds and investment requirements for individual investors seeking to diversify portfolios are impacting market dynamics, and the price.
• The use of rhodium in emerging technologies such as fuel cells and solar panels is gaining attention. As the renewable energy industry expands, the demand for rhodium in these resources is escalating.

Rhodium News

The report covers the latest developments, updates, and trends impacting the global rhodium market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the rhodium price trend.

Latest developments in the rhodium industry:

• July 31st, 2023: Reade International Corp., a supplier of high-grade specialty materials, announced the addition of AM TZM Powder to their Additive Manufacturing Powder product line.
• February 6, 2023: US materials technology company American Elements launched AE Fusion Energy following the addition of new production facilities for the manufacture of advanced materials required in both R&D and scaled production for their range of fusion energy partner customers.

Product Description

Rhodium is a rare, silvery-white metal that is part of the platinum group of elements and is known for its high reflectance and resistance to corrosion. The vast majority of supply is a byproduct of platinum and nickel mining, South Africa is the largest producer. Additionally, the metal is prized for its catalytic properties, used widely in the automotive industry for catalytic converters (to help reduce toxic gases from an engine's exhaust), where its weight-to-price benefits outweigh environmental concerns.

Apart from automotive purposes for rhodium, it is used within the chemical sector as a catalyst in techniques inclusive of the production of nitric acid. It is also used in jewelry, where it is applied to white gold and silver jewelry to improve the look and durability. Moreover, the infrequency of rhodium in the Earth's crust, as well as the use of the metal in a variety of industrial processes results in a high market value and correspondingly useful price swings. As a precious metal, rhodium is attracting increasing investment interest, sparking newer spheres for demand while denting market dynamics.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of rhodium pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
• The study examines factors affecting rhodium price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The rhodium price charts ensure our clients remain at the forefront of the industry.