Rhodium prices skyrocketed to $16,100 an ounce in November, the highest on record amid continued robust demand from the auto industry due to shifting regulatory requirements for emission and catalytic converters. Looking to the supply side, South African output, which accounts for 80% of global rhodium mined, would likely be a fifth below the 2019 level amid coronavirus related mine shutdowns earlier this year.
Historically, RHODIUM reached an all time high of 16100 in November of 2020. RHODIUM - data, forecasts, historical chart - was last updated on November of 2020.
RHODIUM is expected to trade at 15304.66 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 13147.26 in 12 months time.