Rhodium (Rh) is a scarce element boasting a silvery-white hue. Renowned for its robustness and resistance to corrosion, it stands as a stalwart member of the platinum group of metals. Extracted primarily from platinum and nickel ores, its properties include an impressive melting point of approximately 2237°C and a boiling point of 3968°C.

As a noble metal, Rhodium exhibits exceptional durability and high reflectivity. It remains unscathed by oxidation even under elevated temperatures and remains impervious to most acids, with the exception of aqua regia, where it exhibits slight solubility. Its applications span various industries, notably in fuel manufacturing and nuclear energy sectors.

The leading importers of Rhodium include India, the United States, and Germany, while major exporters comprise India, Italy, and Germany.

As for the Rhodium price index, it fluctuates based on market demand and supply dynamics, often influenced by factors such as industrial usage, economic conditions, and geopolitical events.

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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 chart, 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 serves as a crucial component in the fabrication of alloys, blending with various commercial metals for widespread industrial applications. Its catalytic properties find utilization in the synthesis of diverse chemical compounds. Moreover, Rhodium finds its place in the production of machinery parts like furnace coils, aircraft spark plug electrodes, engines, and laboratory equipment.

Notably, it plays a pivotal role in the design and assembly of automotive catalytic converters, aiding in the reduction of nitrous oxide emissions from vehicle exhausts. Furthermore, its electroplating capability lends itself to enhancing the aesthetics of metal objects, resulting in lustrous surfaces ideal for crafting jewelry and decorative items. Another significant application lies in the domain of nuclear technology, where Rhodium features prominently in reactors, nuclear fuels, and 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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