Today, the price of rhodium is $14,000 per ounce. Compare that to platinum at $959/ounce, palladium at $1,866/ounce or gold at $1,783/ounce. Rhodium is never found in its purest form. Rather ...

On Jan. 31, 2025, rhodium was trading at approximately $165.11 per gram or about $4,680.29 per ounce. Extremely volatile rhodium prices are driven largely by demand from the automotive industry.

Among the four major precious metals—gold, silver, platinum, and palladium—it is the most expensive and rarer than platinum.

Car owners sometimes find, to their dismay, that their catalytic converters have been stolen because of the platinum inside.

continuing a run of deficits stretching back to at least 2015, the company said in a report. The 1 million ounce rhodium market, meanwhile, was undersupplied by 84,000 ounces.