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Bullion Index – Precious Metals
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Tag: catalytic converter

  • Rhodium’s Scarcity and Investment Challenges Amid Auto Industry Demand

    Rhodium’s Scarcity and Investment Challenges Amid Auto Industry Demand

    Rhodium, a rare and valuable metal, plays a crucial role in various industries, particularly the global auto sector. As part of the platinum group metals, rhodium is essential for catalytic converters in automobiles, converting harmful gases into less toxic substances. With over 80% of rhodium demand stemming from autocatalyst manufacturing, the metal’s scarcity and limited…

  • Rhodium Price Surges Above $20,000 as Demand Outpaces Supply

    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…

  • Rhodium Market Faces Challenges Despite Rising Demand and Limited Supply

    Rhodium, a key metal in the global auto industry, is part of the platinum group metals, with unique properties making it essential for various applications including catalytic converters. Its demand is primarily driven by autocatalyst manufacturing, accounting for over 80% of the global demand. Despite being over 100 times rarer than gold, rhodium prices have…