|7440-16-6, Rhodium fume, Rhodium on carbon
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Rhodium (Rh) is a scarce and precious chemical element belonging to the platinum group. It is a nonreactive metal like gold with an atomic number of 45. It is a white-silverish transition metal, and its properties include being hard, resistant to corrosion, and chemically inert.
Rhodium is either found as a free metal in nature or as an alloy with metals alike and rarely as a chemical compound in minerals like rhodplumsite and bowieite. It can only be dissolved using sulfuric acid. The metal can only be obtained in tiny amounts as a platinum by-product and has demand in jewellery and catalysts applications.
Global Rhodium producing countries leading the production include South Africa, Switzerland, Japan, United Kingdom, Singapore.
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 the 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:
Major Industrial use of Rhodium is in the chemical industry as a catalyst to produce acetic and nitric acid which is impacting price trend. It works as a protective coating for jewellery protection against scratches and tarnishes. It also works as a glass-strengthening alloy.
Rhodium with platinum makes alloys harder that are used to make spark-plug electrodes, laboratory furnace crucibles, and catalysts in scorching chemical conditions (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 – A doctoral candidate at the University of Freiburg’s Institute of Physics, Mayara da Silva Santos, has found an unexplored oxidation form of rhodium which is being called rhodium (VII).
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 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 track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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