Rhodium History and Forecast Analysis Provided by Procurement Resource
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Rhodium is a precious chemical element and belongs to the platinum metals of Groups 8–10 (VIIIb), Periods 5 and 6, of the periodic table. The atomic number of rhodium is 45 and its atomic weight is 102.9055 U.
It is hard, resistant to corrosion, and chemically inert in nature. It is denoted by the Rh symbol. The electronic configuration is [Kr] 4d85s1 and its melting point is 1,963 °C.
It has only one naturally occurring isotope. The van der Waals radius of rhodium is 200 pm. The density of rhodium is 12.4 g.cm-3 at 20°C and the boiling point is 3727 °C. Rarely is it found as a chemical compound in minerals like rhodplumsite and bowieite; it is either found in nature as a free metal or as an alloy with other metals. Sulfuric acid is the sole solvent that dissolves it.
South Africa, Switzerland, Japan, the United Kingdom, and Singapore are the top rhodium-producing countries.
Key Details About the Rhodium Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Rhodium price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Rhodium price forecast, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Rhodium Price Trend:
Rhodium is mostly used in industry to make acetic and nitric acid as a catalyst, which has an effect on price trends. It serves as a coating that guards jewellery against tarnishing and scratches. It also functions as an alloy for reinforcing glass.
When platinum is combined with rhodium, alloys that are used to create catalysts in scalding chemical environments, laboratory furnace crucibles, and spark plug electrodes become stronger (like automobile catalytic converters).
Key Market Players:
- Umicore N.V
- Russian Platinum
- Anglo American Platinum Limited
- Johnson Matthey
- BASF SE
- E Buddy Recyclers
News and Events:
- September 14, 2022: Mayara da Silva Santos, a doctorate student at the University of Freiburg’s Institute of Physics, has discovered the hitherto undiscovered oxidation form of rhodium, known as rhodium (VIl).
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
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