Investing In Rhodium: Platinum’s Ultra-Valuable Cousin

Rhodium

When discussing precious metals, the attention tends to be focused on gold, and maybe a few other elements like silver and platinum. These are all metals we previously covered in dedicated articles:

• Investing In Platinum – The Universal Catalyst
• Investing in Gold – Everything You Need to Know
• Investing in Silver – Everything You Need to Know

Still, there are other rare metals equally precious that are less known, such as rhodium. It is part of the platinum group of metals, together with ruthenium, palladium, osmium, and iridium.

Source: Wikipedia

Rhodium is a silver-white metal that is very chemically inert, making it very resistant to corrosion from even the most aggressive chemicals. It is also very stable and relatively hard at high temperatures.

It is also a very rare metal, making up only 0.0002 parts per million of the Earth’s crust. This extreme rarity has made it difficult to find in any concentrated ore, and expensive.

Rhodium Price & Market

As mentioned, rhodium is very rare while also useful, leading to high prices. Its price has seen a few bull markets in the past, notably during periods of economic boom and high market valuation in 2000, 2008, and 2021.

Source: Money Metals

Most of the time, rhodium prices are higher than pure gold.