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Rhodium

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Knobby22

Knobby22

Mmmmmm 2nd breakfast
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If I wanted to hoard a metal this would be it.
Useful, rare and has been going up. Even can be used in jewellery. It's sort of a better type of platinum.

https://moneyweek.com/504029/chart-of-the-week-rhodium-on-the-rise

A hard, shiny, silvery metal.

Uses

  • alloying agent to harden platinum and palladium. Such alloys are used for furnace windings, thermocouple elements, bushings for glass fibre production, electrodes for aircraft spark plugs, and laboratory crucibles
  • used as an electrical contact material as it has a low electrical resistance, a low and stable contact resistance, and is highly resistant to corrosion
  • plated rhodium produced by electroplating or evaporation is exceptionally hard and is used for optical instruments
  • used for jewellery
  • industrial catalyst
  • rhodium is used as part of the catalytic system in car catalytic converters, used to clean up exhaust gases to some extent
Biological role
Rhodium has no known biological role. It is a suspected carcinogen.
Natural abundance
Rhodium is the rarest of all non-radioactive metals. It occurs uncombined in nature, along with other platinum metals, in river sands in North and South America. It is also found in the copper-nickel sulfide ores of Ontario, Canada.
Rhodium is obtained commercially as a by-product of copper and nickel refining. World production is about 30 tonnes per year.
 
Knobby22 said:
World production is about 30 tonnes per year.
Click to expand...

Sean K said:
Crikey!

This is supposed to be one of the PMG elements.
Click to expand...
@Sean K the explanation may be that from the @Knobby22 post, the annual production is 30 tonnes per year. This compares to an annual global demand of about 1.06 million ounces which is around the 30 tonnes produced.
No doubt production will increase with demand so it all seems to be in balance. This may be the reason the price is going downhill.
 
Country Lad said:
@Sean K the explanation may be that from the @Knobby22 post, the annual production is 30 tonnes per year. This compares to an annual global demand of about 1.06 million ounces which is around the 30 tonnes produced.
No doubt production will increase with demand so it all seems to be in balance. This may be the reason the price is going downhill.
Click to expand...

There's been some big corrections in certain metals over the past year or two but this might take the cake. Lithium, Tin, Nickel, Cobalt, etc all smashed. There's blood on the streets. Buy, buy, buy! :)
 
Rhodium is hard to sell physical.
If it's $30k you are lucky to get $15k offer
 
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