Rhodium futures were trading around the $29,000 an ounce level in April, not far from a record peak of $29,800 an ounce touched in the prior month, amid continued robust demand from the auto industry due to increasingly stringent emissions regulations globally. This backdrop, together with the threat of lower production across South Africa because of coronavirus-induced mining disruptions and lack of investment in new mines over the past decades, will continue to drive prices higher in the long run.
Historically, RHODIUM reached an all time high of 29800 in March of 2021. RHODIUM - data, forecasts, historical chart - was last updated on April of 2021.
RHODIUM is expected to trade at 26711.86 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 22946.46 in 12 months time.