|Synonyms||7440-16-6, Rhodium fume, Rhodium on carbon|
|Region/Countries for which Data is available||
|Currency||US$ (Data can also be provided in local currency)|
|Post-Sale Analyst Support||360-degree analyst support after service delivery|
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Rhodium (Rh) is a scarce and precious chemical element belonging to the platinum group. It is a nonreactive metal like gold with an atomic number of 45. It is a white-silverish transition metal, and its properties include being hard, resistant to corrosion, and chemically inert.
Rhodium is either found as a free metal in nature or as an alloy with metals alike and rarely as a chemical compound in minerals like rhodplumsite and bowieite. It can only be dissolved using sulfuric acid. The metal can only be obtained in tiny amounts as a platinum by-product and has demand in jewellery and catalysts applications.
Global Rhodium producing countries leading the production include South Africa, Switzerland, Japan, United Kingdom, Singapore.
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 analysis, pricing database, and chart can prove valuable for the 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:
Major Industrial use of Rhodium is in the chemical industry as a catalyst to produce acetic and nitric acid which is impacting price trend. It works as a protective coating for jewellery protection against scratches and tarnishes. It also works as a glass-strengthening alloy.
Rhodium with platinum makes alloys harder that are used to make spark-plug electrodes, laboratory furnace crucibles, and catalysts in scorching chemical conditions (like automobile catalytic converters).
Key Market Players:
- Umicore N.V
- Russian Platinum
- Anglo American Platinum Limited
- Johnson Matthey
- BASF SE
- E Buddy Recyclers
News and Events:
- September 14, 2022 – A doctoral candidate at the University of Freiburg’s Institute of Physics, Mayara da Silva Santos, has found an unexplored oxidation form of rhodium which is being called rhodium (VII).
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