English 
Spanish 
3 min read
6 comments
Discover Rhodium, the most expensive metal in the world that can surpass even gold and platinum. Considered the most precious metal in the world, rhodium has several functions in humanity — be sure to check it out!
Gold, silver and platinum are the most popular precious metals in the world. However, the most precious metal in the world is almost unknown and is called Rhodium. In recent years, it has become the most expensive metal in the world, with a surprising increase in 265%. According to market analysts, the metal more precious than gold may continue to rise and scare investors around the world.
The world's most expensive precious metal has sold for US$29.800 per ounce
Rhodium, the most precious metal in the world, is mainly used in automotive catalysts to mitigate the emission of toxic gases. David Holmes, vice president of trading at Heraeus Metals, the company responsible for sales of metals, states that, as pollutant control is a trend that is growing all the time, the automotive industry is increasingly committed to meeting its environmental goals.
On the other hand, rhodium, a metal more precious than gold, mined in some countries, including Russia and South Africa, it is scarce, and this is the largest mining company of the most expensive precious metal in the world, in fact, production is decreasing. The combination of high demand and low supply creates a lot of uncertainty in the market.
- What is Shein and why has it become one of the largest retailers in the world?
- Goiás enters the strategic map of rare earths: mining company will process 500 tons extracted in the north of the state in Aparecida de Goiânia
- Gripen F-39E made in Brazil: The first national supersonic fighter is about to fly! See details of the Embraer/Saab production
- GoVerde will invest R$9 billion in a methanol, green ammonia and solar energy factory in Bahia; project foresees up to 24 thousand jobs
More than a decade ago, the price of rhodium was US$10 per ounce, equivalent to 31,10 grams, however, in 2009 the most expensive metal in the world fell to US$1.000.
In August 2016, rhodium reached its lowest price of US$639, in 2018 it reached a high of US$2.300 per ounce, in October 2020 it is more than US$12 thousand per ounce and in 2022 it was sold for US$ 29.800. The rollercoaster price of the world's most precious metal makes any investor nervous.
Where is the metal more precious than gold used?
Rhodium, the most expensive metal in the world, has a wide range of commercial uses due to its excellent electrical conduction. Furthermore, due to its high hardness, it can be used in alloys with other metals, thus offering greater resistance to corrosion.
The electronics industry needs this most expensive metal in the world and uses it in some optical devices and some types of mirrors.
In jewelry, rhodium is used in small amounts, which can increase the strength of gold and make its appearance brighter.
It is worth mentioning that there is no mining of the most precious metal in the world. In fact, it is a byproduct of other mining activities. In South Africa, which accounts for 80% of production, it is a by-product of platinum. In Russia, it is a by-product of nickel.
Metal more precious than gold breaks price record in 2021
Scarcity of rhodium, a byproduct of mining other metals, and its unparalleled ability to reduce nitrogen oxide released from car exhaust have driven up prices in the face of stricter pollution laws, which has increased demand.
In March 2021, the world's most expensive precious metal reached a record high of US$29.800 per ounce, making it 17 times more valuable than gold.
According to Mandi Dungwa, mining analyst at Kagiso Asset Management in Cape Town, prices for the world's most expensive metal have retreated slightly, but continue to contribute significantly to revenues, especially for rhodium-rich mines. As the most precious metal in the world accumulates a drop of more than 40% in relation to the maximum, this contribution may not be repeated.
Pinheiro Torres
Hi!
I would just like to know where and who buys rhodium
Hello. I can help. Please contact me.