rhodium market price-「rhodium metal price」

作者:admin2021-04-01 16:34 人观看 5人评论


The price of rhodium, the world's most precious metal, has risen by 32% this month to the highest level since 2008. The rhodium market price has increased by 12 times in the past four years. The price of rhodium metal has risen far more than all major commodities. The increase in demand from the automotive industry and the intervention of speculative funds due to the tightening of emission policies have been the driving force behind the surge in rhodium prices in the past few years. Like palladium, this metal is also a by-product of platinum and nickel, but the market size is much smaller, so it is prone to drastic fluctuations after changes in supply and demand. Anton Berlin, head of analysis and market development at the Russian Norilsk Nickel Industry (which produces approximately 10% of the world's rhodium), said that "rhodium is extremely volatile." He said that large industrial users signed a supply agreement at the end of last year, the market supply was tight, and speculative funds entered the market at an accelerated pace. The main source of supply South Africa accounts for nearly 60% of the global supply of rhodium and is the main source of rhodium. Russia is the second largest producer. However, just like other platinum metals in the country, the production and marketing of rhodium in Russia is extremely unstable and easily controlled by political interference. Historical prices In the late 1980s,


high market prices led to an increase in rhodium production in South Africa. This increase in production became the initial reason for the decline in rhodium prices in the early 1990s. After that, due to the interruption of the supply of rhodium in Russia in early 1997, the price of rhodium rebounded strongly. Kitco precious metals company provides you with daily updated historical price charts. The price of rhodium was reported at $7,975/oz on Monday. The reason for the increase this month was the escalating situation in the Middle East and the flock of safe-haven investors to the precious metals market, which also pushed the price of palladium to rise by nearly 10%. Why is rhodium price dropping? German refiner Heraeus trader Andreas Daniel said, "The main driving force since January (the increase in rhodium prices) has been actual demand from Asia, and (this demand) may also be related to automobiles. Buying triggers more buying, and in an unregulated market, the effect of this buying boost is very obvious, and price fluctuations may happen once in 10 years.” Daniel said that demand cooled over the weekend. What is the current price for rhodium? The rhodium price touched $8,200 last Wednesday, but fell back in the next two days. Afshin Nabavi, head of trading at refiner MKS PAMP Group in Switzerland, said that although the possibility of a price fall this year is not ruled out, the price of rhodium may break the record of $10,100 set in 2008. rhodium metal price in India. However,


the sharp rise in rhodium prices 10 years ago also forced auto catalyst manufacturers to switch to platinum and palladium. Is rhodium a precious metal? The rhodium market is small and volatile. Compared with other precious metals, it is more difficult to invest in rhodium market prices. Rhodium is not traded on exchanges. The market size of rhodium bars or rhodium coins is very small compared to gold or silver, and most transactions are carried out between suppliers and industrial users. Can I buy rhodium? The global production is equivalent to a little more than one-tenth of platinum or palladium. South Africa accounts for more than 80% of global rhodium production, and the rise in rhodium prices is good news for producers in this country. The rise in rhodium metal prices combined with the depreciation of the rand, the South African miner's stock index rose twice in the past year to its highest level since 2011. The price of rhodium, the world's most precious metal, rose 32% this month to its highest level since 2008. It has risen 12 times in the past four years, far exceeding all major commodities. The increase in demand from the automotive industry and the intervention of speculative funds due to the tightening of emission policies have been the driving force behind the surge in rhodium prices in the past few years. Like palladium, this metal is also a by-product of platinum and nickel, but the market size is much smaller, so it is prone to drastic fluctuations after changes in supply and demand. Why is rhodium so expensive 2020? Anton Berlin, head of analysis and market development for the Russian Norilsk Nickel Industry (which produces about 10% of the world's rhodium), said that "rhodium is extremely volatile." He said that large industrial users signed a supply agreement at the end of last year, the market supply was tight, and speculative funds entered the market at an accelerated pace. Rhodium prices rose sharply. Rhodium prices reported $7,975/oz on Monday. This month’s rise was due to the escalation of the Middle East situation, rhodium metal price today. Safe-haven investors flocked to the precious metals market, which also pushed the palladium price up by nearly 10%. Andreas Daniel, a trader at German refiner Heraeus, said, "The main driving force since January (the rise in rhodium prices) has been actual demand from Asia, and (this demand) may also be related to automobiles. Buying triggers more In an unregulated market, the effect of such purchases is very obvious, and price fluctuations may happen once in 10 years." Daniel said that demand cooled over the weekend. The price of rhodium hit 8,200 last Wednesday, but the market price of rhodium fell back in the next two days. Afshin Nabavi, head of trading at refiner MKS PAMP Group in Switzerland, said that although the possibility of a price fall this year is not ruled out, the price of rhodium may break the record of $10,100 set in 2008. However, the sharp rise in rhodium prices 10 years ago also forced auto catalyst manufacturers to switch to platinum and palladium. The rhodium market is small and volatile. Compared with other precious metals,


it is more difficult to invest in rhodium. The price of rhodium metal is not traded on exchanges. The market size of rhodium bars or rhodium coins is very small compared to gold or silver, and most transactions are carried out between suppliers and industrial users. Global production is a little more than one-tenth of platinum or palladium. South Africa accounts for more than 80% of global rhodium production, and the rise in rhodium prices is good news for producers in this country. The price increase of platinum group metals combined with the depreciation of the rand, the South African miner's stock index rose twice in the past year to its highest level since 2011. How much is 1kg of rhodium? However, Why is rhodium so expensive? South Africa's dominance also means that the market is facing production risks. Last year's large-scale blackout in South Africa caused a short-term suspension of mining production, while mining workers have successively held protracted strikes in previous years.



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