Rhodium’s price volatility has led to loadings being cut to the bare minimum, and palladium has replaced some rhodium. Since the 1930s, people have mined Rhodium from deposits of platinum. The ore, which is white in color, contains a rare metal that is very reflective and resistant to corrosion.
Southeast Asia PGM Market Outlook
Prices shown on our websites thus are of pure statistical nature and must be looked at as indications only. In case of requirements, we kindly ask you to check with our sales personnel for actual prices. We provide the data above, which we compiled with the utmost care, in all conscience, can, however, assume no ability for the completeness and correctness of them. We would be happy to reach out to IMARC for more market reports in the future. I appreciate the timely follow ups and post purchase support from the team. A critical impact study of PGM consumption by country of major-end uses, and future metal requirements by company.
OIL AND METAL CHARTS
Historical data provides valuable insights into past trends and price movements, helping dealers identify optimal moments for buying or selling rhodium. By analyzing historical price patterns, dealers can gain a deeper understanding of market cycles, potential risks, and opportunities for maximizing rhodium returns. Spot prices, on the other hand, reflect real-time market values and are crucial for immediate trading decisions. Combining historical analysis with spot price monitoring enables dealers to make well-informed and strategic choices. This comprehensive analysis not only highlights current price of rhodium but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes. The rhodium pricing trends in the Middle East and Africa are increasingly impacted by infrastructural developments and investments in the construction and transportation sectors.
Long-term PGM Supply Appraisal Outlook
A comprehensive study of recycled autocatalysts from scrapyards, collection, decanners, smelting and refining players, technology developments and economics. Our highly detailed market view provides current and long-term trends and influences acting on the global PGM markets. In the second half of 2023, the price of rhodium in the United States reached 7662 USD/Troy Ounce. Analytics on the PGM primary production landscape, assessing estimated depletion rates of mines and projects, forecasting ounce loss. As autocatalyst recycling volumes have suffered a decline, Daniel Croft examines the current state-of-play of autocatalyst recycling, as part of SFA’s annual publication The Platinum Standard. IMARC was a good solution for the data points that we really needed and couldn’t find elsewhere.
INDUSTRIAL METALS
- The Platinum Standard comprises analytical articles on those issues we believe will set the PGM agenda for the years ahead and is released annually in May on the eve of London Platinum Week.
- Instead, Rhodium price is mainly traded on an exchange fund called Xtrackers Physical Rhodium.
- The report provides a detailed analysis of the rhodium market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors.
- SFA has released its latest ground-breaking study, which offers the most in-depth and unparalleled evaluation of the autocatalyst recycling market.
- The shift towards green energy and electric vehicles in North America also affects demand patterns for metals.
As a precious metal, rhodium is attracting increasing investment interest, sparking newer spheres for demand while denting market dynamics. Unrivalled insights and definitive answers to PGM purchasing dynamics, metal flows, trading and pricing factors affecting platinum, palladium and rhodium. Rhodium demand has suffered losses in both gasoline and diesel powertrains.
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Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region’s ability to meet international demand consistently. Moreover, economic fluctuations and currency devaluation are critical factors that need to be considered when analyzing rhodium pricing trends in this region. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends.
The region’s political climate and its effect on operational stability and security are also crucial in determining price trends. Additionally, the Middle East’s strategic initiatives to diversify away from oil dependency and invest in mining and metal production capabilities are reshaping its market dynamics. In Africa, the availability of resources combined with foreign investment in mining projects heavily influences local and global rhodium supply and prices. Latin America’s rhodium market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in rhodium prices.
As a result, rhodium demand is set to increase, whilst a sustained weaker market for platinum could further cut primary rhodium supplies, although more recycling will help to offset some of this shortfall. An evaluation on future platinum, palladium and rhodium supply risk from mines and projects around the world, and the economic cost of production. Released every three months, this price risk-focused report details-impacting factors for platinum, palladium and rhodium markets for the next three years. Apart from automotive purposes for rhodium, it is used within the chemical sector as a catalyst in techniques inclusive of the production of nitric acid. It is also used in jewelry, where it is applied to white gold and silver jewelry to improve the look and durability. Moreover, the infrequency of rhodium in the Earth’s crust, as well as the use of the metal in a variety of industrial processes results in a high market value and correspondingly useful price swings.
The price spike to over $10,000/oz in 2008 put the metal firmly in the substitution zone. Automakers have instead taken well-proven selective catalytic reduction (SCR) technology from heavy-duty vehicles and downsized it for cars. Although expensive and requiring maintenance (urea top-ups), SCRs have less of an impact on fuel efficiency (and so CO2 emissions) compared to LNTs. Rhodium is a rare, silvery-white metal that is part of the platinum group of elements and is known for its high reflectance and resistance to corrosion.
By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed rhodium demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape. The report covers the latest developments, updates, and trends impacting the global rhodium market, providing stakeholders with timely and relevant information. Understanding the present rhodium spot price entails recognizing its substantial fluctuations.
SFA has released its latest ground-breaking study, which offers the most in-depth and unparalleled evaluation of the autocatalyst recycling market. SFA (Oxford) provides bespoke, independent intelligence on the strategic metal markets, specifically tailored to your needs. An assessment of PGM purchasing, trade flows and end-use consumption as well as mapping key industry players for strategic investment. Precious metal prices can be very volatile and sometimes change drastically within minutes.
Specific rhodium historical data within the United States and Canada can also be provided. Detailed price information for rhodium can also be provided for an extensive list of European countries. The Palladium Standard comprises analytical articles on those issues we believe will set the PGM agenda for the years ahead and is released annually in September on the eve of New York Platinum Week. The Platinum Standard comprises analytical articles on those issues we believe will set the PGM agenda for the years ahead and is released annually in May on the eve of London Platinum Week.
The report provides a detailed analysis of the rhodium market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the rhodium price trend. Understanding historical and spot rhodium prices is essential for informed decision-making in the precious metals market.
The shift towards green energy and electric vehicles in North America also affects demand patterns for metals. In the Asia Pacific region, rhodium pricing dynamics are significantly influenced by robust industrial growth and expanding manufacturing sectors, particularly in China and India. The region’s high demand for metals is driven by its active construction industry and increasing investments in infrastructure projects. However, supply disruptions due to geopolitical tensions and regulatory changes in mining practices also play a critical role in shaping price fluctuations. Additionally, trade policies and import-export tariffs continue to impact the cost structures and availability of rhodium, making the Asia Pacific market a complex environment for price trend analysis. Europe’s rhodium pricing trends are deeply affected by its stringent environmental regulations and the push towards sustainable and recycled materials.
The value of your rhodium can differ markedly between dealers and can change daily, reflecting the volatility of the rhodium market. It’s important to note that the final settlement may vary from the initial valuation, particularly if your rhodium includes other precious metals that enhance its overall value. For an accurate assessment of your rhodium’s true value, it’s recommended to seek evaluation from a trusted bullion dealer or refinery. In North America, rhodium prices are closely tied to technological advancements in extraction and processing techniques, which aim to reduce costs and enhance efficiency. The region’s emphasis on defense and technology sectors, which require precise and high-grade metals, drives demand variability. Furthermore, trade policies, particularly those involving major trade partners like Canada and Mexico, heavily influence rhodium supply chains and pricing structures.
The team was easy to work, quick to respond, and flexible to our customization requests. I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. This comprehensive review can be extended to include specific countries within Latin America.
The automotive and aerospace industries in Europe, which demand high-quality specialty metals, further complicate the pricing landscape. Energy costs and the availability of renewable energy sources also significantly influence rhodium production costs. Additionally, the region’s dependency on rhodium imports, coupled with fluctuating currency values, adds another layer of complexity to understanding price trends in this market. The report examines the elements influencing rhodium price fluctuations, such as supply-demand dynamics, geopolitical factors, and industry-specific developments. Bottom-up evaluation of the precious metals trading environment, regulatory framework, end-use markets, recycling volumes and key players. Rhodium is still the most effective catalytic metal to cut NOx emissions and so it remains a key component of three-way catalysts for gasoline vehicles, where demand growth is robust.
As a rare metal, Rhodium is not as popular on a futures exchanges like silver and gold. Instead, Rhodium price is mainly traded on an exchange fund called Xtrackers Physical Rhodium. The figures of market study were very close to our assumed figures. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice.