Rhodium

Rhodium is a rare and hard metal that belongs to the platinum group metals (PGMs). It's typically found as a by-product of refining platinum and nickel ores, rather than in its natural state. The majority of rhodium production comes from South Africa, which accounts for around 80% of global output. The primary use of rhodium is as an autocatalyst to control vehicle emissions. It helps convert harmful gases like nitrogen oxides into less hazardous substances. Rhodium also finds applications in jewelry, medical instr...

Rhodium is a rare and hard metal that belongs to the platinum group metals (PGMs). It's typically found as a by-product of refining platinum and nickel ores, rather than in its natural state. The majority of rhodium production comes from South Africa, which accounts for around 80% of global output.

The primary use of rhodium is as an autocatalyst to control vehicle emissions. It helps convert harmful gases like nitrogen oxides into less hazardous substances. Rhodium also finds applications in jewelry, medical instruments, electrical contacts, and optical instruments.

Rhodium's market is highly specialized with a limited number of producers and consumers. It's often traded privately through contracts between producers and users, rather than on traditional commodity exchanges. As a result, the price of rhodium can be quite volatile, reflecting fluctuations in supply and demand.