Rhodium jumped past $10,000 an ounce in April, extending the rebound from a multi-month low of $5,500 touched in late-March following a coronavirus-induced sell-off. Surging demand from the auto industry alongside with tighter supplies will continue to drive rhodium prices higher. Consumption of rhodium by vehicle makers have increased nearly 14% in 2019 to 1 million ounces amid increasingly stringent emissions regulations globally.
Historically, RHODIUM reached an all time high of 15000 in March of 2020. RHODIUM - data, forecasts, historical chart - was last updated on April of 2020.
RHODIUM is expected to trade at 7889.98 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 6777.78 in 12 months time.