Tag: automotive industry
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Rhodium Emerges as Undervalued Investment Opportunity Amid Growing Demand
Gold, silver, platinum, and palladium are well-known precious metals, but there is a fifth one that often flies under the radar: rhodium. Trading at a mere fraction of its peak value a few years ago, rhodium’s current price sits at $680.00 per ounce, presenting a unique investment opportunity. While gold and silver have seen steady…
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Rhodium Price Surges Above $20,000 as Demand Outpaces Supply
Rhodium, a precious metal used in engine exhaust systems to neutralize harmful emissions, has experienced a remarkable rally in recent times. The price of rhodium has surged above $20,000 per ounce, marking a significant increase from just a few years ago. This surge in price can be attributed to various factors, including increased demand from…