Rhodium price today — XRH
Key statistics
Performance
Price change measured from the start of each period to the latest spot price.
| Period | Change | Change % | |
|---|---|---|---|
| 5 days | |||
| 1 month | |||
| 6 months | |||
| 1 year | |||
| 5 years |
Price by unit of weight
Converted from the live spot price per troy ounce.
About Rhodium
Rhodium (Rh) is the rarest and most expensive of the precious metals traded on the spot market. It is a silvery-white member of the platinum-group metals, discovered in 1803 by William Hyde Wollaston. Annual mine production is only around 30 tonnes worldwide, almost entirely as a by-product of platinum and nickel mining in South Africa and Russia.
More than 80% of demand comes from the automotive sector, where rhodium is essential in three-way catalytic converters for reducing nitrogen-oxide (NOx) emissions. Its scarcity and the lack of substitutes make rhodium prices extremely volatile — they have multiplied many times over short periods.
Rhodium is brittle and is not used for solid jewelry; instead, a thin rhodium electroplate layer is applied to white-gold and silver pieces to give them a bright, tarnish-resistant finish. See the live rhodium spot and compare with platinum and palladium.
Main uses
- Three-way catalytic converters (largest demand)
- Rhodium plating on white-gold and silver jewelry
- Glass manufacturing (LCD/TFT glass, fiberglass bushings)
- Chemical industry as a catalyst
- Investment bars and sponge (limited liquidity)
Rhodium is traded and plated almost exclusively as fine 999 (99.9%). Because the metal is too brittle to alloy for jewelry, there are no lower jewelry karats — solid rhodium is virtually never sold as jewelry.