Rhodium’s high market value is a consequence of a confluence of factors, primarily its scarcity, the complexity of its extraction, and its critical applications across various industries. The confluence of these elements underpins its position as one of the most valuable precious metals.
The metal’s importance stems from its exceptional catalytic properties, high melting point, and resistance to corrosion. These characteristics make it indispensable in reducing harmful emissions from automobiles, a major driver of demand. Historically, fluctuations in demand from the automotive industry have significantly impacted the metal’s price. Furthermore, its limited supply, concentrated in a few geographical regions, introduces geopolitical risks that contribute to price volatility.
