Madhumitha Jaganmohan
Research expert covering climate and environmental sustainability
Get in touch with us nowAs of May 2024, it was estimated that the global supply of rhodium stood at approximately 704,000 ounces. Rhodium is considered one of the rarest and most valuable metals in the world.
Rhodium is a silver-colored platinum group metal (PGM) that is highly reflective and resistant to corrosion and oxidation. Platinum group metals include rhodium, platinum, ruthenium, iridium, osmium, and palladium. Rhodium is the rarest metal in the platinum family and occurs in the Earth’s crust at a rate of around one part per 200 million. It is primarily used in catalytic converters to clean motor emissions or as a finishing metal for jewelry. Despite having a stable supply globally, the demand for rhodium has been increasing over time.
Platinum-group metal mine production has been stable in recent years. Platinum is one of the most expensive metals to produce due to its low concentration within the ore from which it is mined. The price of production varies greatly between the countries in which it is produced, with South Africa having the highest cost of production for platinum. The world’s leading producer of platinum as of 2019 was Anglo American Platinum Ltd.
You only have access to basic statistics.
Business Solutions including all features.
About the industry
About the region
Selected statistics
Other regions
Related statistics
Further related statistics