Rhodium - price per ton

Rhodium is a precious metal that has a wide range of applications in various industries due to its unique physical and chemical properties. This metal is part of the platinum group metals and is known for its high melting point, resistance to corrosion, and high reflectivity.

The jewelry industry uses rhodium extensively for creating exquisite and high-quality jewelry pieces. Rhodium is often used as a plating material for white gold, sterling silver, and other precious metals. The rhodium plating gives the jewelry a bright, white, and reflective finish that is highly desirable in the industry.

The automotive industry also relies on rhodium for its catalytic converter production. Rhodium is used as a catalyst in the catalytic converter, which is a device that reduces harmful emissions from vehicles. The high demand for rhodium in the automotive industry has led to the establishment of mining operations specifically targeted towards the extraction of platinum group metals.

The electronics industry uses rhodium for creating electrical contacts due to its excellent conductivity and resistance to corrosion. Rhodium is used in various electronic components such as connectors, switches, and relays. The reflective property of rhodium is also utilized in the production of mirrors and other reflective surfaces.

The chemical industry uses rhodium as a catalyst in various chemical reactions. Rhodium catalysts are used in the production of pharmaceuticals, petrochemicals, and other chemical products. Rhodium is also used in the production of specialty chemicals such as acetic acid and oxalic acid.

In conclusion, rhodium is a valuable precious metal that has a wide range of applications in various industries. Its unique physical and chemical properties, including its high reflectivity, resistance to corrosion, and high melting point, make it an essential material for creating high-quality products in these industries.