Tag: catalytic converter metal
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Rhodium Surges, Palladium’s Challenge, and Gold’s Evolution in Precious Metals Market
The world of precious metals is a fascinating realm, where value is not just determined by rarity but also by utility and cultural significance. Rhodium, a metal often overlooked by the general public, has recently surged in price, surpassing its 2008 peak. This surge is largely attributed to increased demand from the automotive industry, where…
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Rhodium Prices Surge Amid Supply Scarcity, Investment Challenges Ahead
Rhodium prices have been quietly increasing, with a significant surge since the beginning of the year. This lesser-known metal is a member of the platinum group metals and is widely used in various industrial applications, including catalytic converters in automobiles. In fact, the majority of rhodium production is destined for these converters, making demand from…