: Rhodium is a byproduct of platinum and nickel mining, with roughly 80% of the world's supply coming from South Africa.

Investing in rhodium bars is a specialized strategy involving the world’s rarest and most expensive precious metal. Unlike gold or silver, rhodium is primarily an industrial metal used in automotive catalytic converters. While this provides high growth potential, it also makes the market more volatile and less liquid for retail investors.

: Nearly 80% of annual production is used in the automotive industry to reduce emissions.

: Prices are prone to massive swings. For example, rhodium hit nearly $30,000 per ounce in early 2021 before stabilizing. As of April 2026, spot prices are trading near $10,000 per ounce.

: Experts at Heraeus predict a potential market surplus in 2026 due to declining internal combustion engine vehicle sales, which may pressure prices toward a range of $6,000–$9,000 per ounce. Why you can't just buy Rhodium anywhere