| Report Features | Details |
| Product Name | Rhodium |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Request for Real Time Rhodium Prices: https://www.procurementresource.com/resource-center/rhodium-price-trends/pricerequest
Rhodium, a chemical element with the symbol Rh and atomic number 45, is a quite uncommon, silvery-white, hard, corrosion-free transition metal. It occurs naturally in some nickel and copper deposits as their byproducts. It is a member of the platinum group and is considered to be a noble and valuable metal. Rhodium is a metal element that occurs in only one isotope – the 103Rh isotope and is generally discovered as an alloy of the same metals or alone and rarely as a chemical compound in minerals like bowieite and rhodplumsite. Rhodium is a very enduring and resistant element to deterioration and rust and has a high melting temperature.
South Africa produces about 80 percent of the total global production of Rhodium. Followed by South Africa are Russia, Zimbabwe, Canada, the United States, Colombia, Botswana, and Finland are some of the other largest producers of Rhodium.
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 trend, 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:
The primary utilisation of rhodium is in catalytic converters of cars. Since it is a great catalyst, rhodium decreases the emission of hazardous gases and a large percentage (around 89-90 percent) of rhodium is used in the car sector annually. In addition, rhodium is also employed as a catalyst in the chemical industry to produce nitric acid and acetic acid and for hydrogenation reactions. Moreover, it is utilised to coat optic fibres and optical mirrors for crucibles, thermocouple elements and headlight reflectors. Furthermore, owing to its low electrical resistance and high resistance to erosion, rhodium is utilised as an electrical contact material and in nuclear reactors.
Key Players:
- Umicore N.V.
- Russian Platinum
- Anglo American Platinum Limited
- Johnson Matthey
- BASF SE
- E Buddy Recyclers
News & Recent Development:
- May 16, 2022: It was anticipated that the platinum, palladium, and rhodium markets would face a deficit. These three metals are primarily used in autocatalysts which help in reducing emissions from vehicle engines, while platinum is also used in making jewellery and investment purposes. A scarce supply of rhodium and palladium have also led to record-high prices in recent years.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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