What was the price of rhodium in 1990?
Rhodium Price
| Year | Price | Price (Inflation Adjusted) |
|---|---|---|
| 1992 | $2,365.10 | $4,283.83 |
| 1991 | $3,737.46 | $6,972.63 |
| 1990 | $3,566.65 | $6,933.43 |
| 1989 | $1,299.81 | $2,663.23 |
What is the highest price rhodium has ever been?
Rhodium, a rare metal that is used in automotive catalytic converters to meet strict emission norms, has surged to a record high of $29,200 a troy ounce ( ₹21.36 lakh per 31.10 gm) on higher demand from the automotive industry to meet emission norms.
Why is rhodium price increasing?
Rhodium supply is expected to rise to nearly 990,000 oz in 2021 from 905,000 oz in 2020 because of increases in mine output and scrap supply. South African mines account for nearly 80% of annual mine output, he added.
Will rhodium go back up?
Johnson Matthey's research also indicated growing auto demand. According to data, autocatalyst consumption of rhodium will rise by 11% to 1.051 million ounces in 2021 – a new all-time high.
What was the price of rhodium in 2014?
Average rhodium price worldwide from 2013 to 2020 (in U.S. dollars per troy ounce)*
| Characteristic | Price in U.S. dollars per troy ounce |
|---|---|
| 2016 | 696.84 |
| 2015 | 954.9 |
| 2014 | 1,174.23 |
| 2013 | 1,069.1 |
Where can I get rhodium scrap?
Where Is Rhodium Scrap Found?
- In production equipment that is used to make fiberglass and glass fibers.
- In LCD displays and CRT displays.
- In advanced laboratory testing equipment.
- In jet engines.
- In sensors and thermocouples that are used in nuclear reactors.
- As a plating that is applied to jewelry.
10-Feb-2020
Is rhodium a good investment?
Rhodium has rarely been considered an investment precious metal like gold, silver, platinum, and palladium. However, it is far, far rarer than all of these metals and may merit investment consideration. Only 28 tons of rhodium are mined annually compared to 220 tons of platinum and over 2,300 tons of gold.