Rhodium Price Trend, Index, Historical Price Chart and Forecast

North America Rhodium Prices Movement:

Rhodium Prices in United States:

In 2024, rhodium price trend indicated that prices in the United States reached 7,662 USD per Troy Ounce, reflecting the metal's high value and market volatility. The price trend was shaped by strong demand from the automotive sector for catalytic converters, along with limited global supply, primarily from South Africa. Fluctuations in mining output and lower recycling rates also impacted availability.

Additionally, geopolitical tensions and shifting environmental regulations influenced global trade dynamics, adding pressure to pricing. Despite occasional dips due to industrial slowdowns, the overall market remained tight. Rhodium’s rarity and critical industrial applications continued to support elevated price levels throughout the year.

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Factors Affecting Rhodium Supply and Prices

Rhodium supply and prices are influenced by mining output, particularly from South Africa, which dominates global production. Automotive industry demand, geopolitical tensions, and regulatory changes also impact the market. Price volatility is driven by limited availability, recycling rates, and shifts in emission control technology requirements.

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Key Coverage:

• Market Analysis
• Market Breakup by Region
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Price Analysis
  • Spot Prices by Major Ports
  • Price Breakup
  • Price Trends by Region
  • Factors influencing the Price Trends
• Market Drivers, Restraints, and Opportunities
• Competitive Landscape
• Recent Developments
• Global Event Analysis

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Rhodium Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Rhodium price trend, offering key insights into global Rhodium market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Rhodium demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

About Us:

IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis alongside regional insights covering Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa.

IMARC also specializes in competitive landscape evaluations, profiling key market players, and conducting research into market drivers, restraints, and opportunities. IMARC’s data-driven approach helps businesses navigate complex markets with precision and confidence.

IMARC Group provides professional chemical price analysis services to enable businesses to leverage their pricing and maximize profitability. Our thorough research examines market trends, competitor prices, customer willingness-to-pay, and costs, making data-driven decisions possible. By establishing pricing opportunities and cost-saving initiatives, we enable organizations to remain competitive and maximize market potential. Whether it's creating dynamic pricing strategies, performing cost benchmarking, or analysing pricing effects, our customized solutions enable companies to realize sustainable growth.

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