Investing in Rhodium

Rhodium is a transition metal with high resistance to corrosion. It is a member of the platinum group, and mainly used to harden alloys of platinum and palladium. It is also used in automobile catalytic converters. Rhodium is found often in types of jewelry, giving it a silvery-white appearance. It can be used to coat sterling silver, to prevent tarnishing from the build up of silver sulfide.

Global rhodium consumption in 2009 decreased to 22,300 kg, a 20% decrease compared with that of 2008. A majority of rhodium use, 82% in 2009, was in the production of autocatalysts. In 2009, rhodium use in autocatalysts decreased to 19,300 kg, which was 19% less than that of 2008. Demand for rhodium in the autocatalyst sector plummeted in Europe, Japan, and North America, as a result of declining vehicle production, a trend toward smaller vehicles, and rhodium thrifting. In contrast, rhodium demand in the autocatalyst sector in China increased to 3,640 kg, an increase of 52% compared with that of 2008.

Use of rhodium in the glass manufacturing sector decreased sharply to 591 kg, a 44% drop in 2009 as compared with that in 2008. The drop was a result of reduced demand for fiberglass and flat-panel glass for liquid crystal displays. Rhodium was also released onto the market by some cathode-ray-tube glass factories that closed in China. On the other hand, the decrease in rhodium price in 2009 compared with that of the previous several years resulted in an increase of rhodium content of alloys used in the glass industry. Consumption of rhodium in the chemical sector decreased by 21% to 1,680 kg in 2009 owing to delays in construction of new oxoalcohol manufacturing plants in Asia. Demand from the electrical sector and other applications was down by 11% from that of 2008, at 746 kg

Rhodium price chart:

Source: Johnson Matthey

Platinum group metals: ruthenium | rhodium | palladium | osmium | iridium | platinum

(wiki) - Rhodium on Wikipedia

Rhodium Companies
Anglo American (LON: AAL) - - Their Anglo Platinum subsidiary specializes in all the platinum group elements, including rhodium.
Anglo Platnium (JNB: AMS) -
Anooraq Resources Corporation (AMEX: ANO) - Their Plateau Resources subsidiary produces platinum group metals through their Ga-Phasha, Boikgantsho, and Kwanda projects in South Africa.
Norilsk Nickel (OTC: NILSY) - - Rhodium powder
North American Palladium (AMEX: PAL) - - Canada's largest producer of palladium, they also produce platinum group metals as a byproduct.
Ruiyuan Group Limited - - Chlorotri rhodium, carbonyl triphenylphosphine rhodium, rhodium chloride hydrate, rhodium sulfate, rhodium trihydroxide, rhodium oxide, rhodium oxide hydrate, rhodium nitrate dyhydrate, rhodium nitrate, and rhodium carbon

Kitco - Rhodium discussion group -

Kitco - Rhodium investment -

Rhodium News
2011-07-07 - (po) - Rhodium-iron catalyst helps increase yield of hydrogen gas in steam reforming of ethanol
2011-06-19 - (kt) - Strategy: watch out for rhodium price
2011-06-17 - (pla) - Rhodium prices slip further on weak investor, industrial demand
2011-06-12 - (bl) - Rhodium to rise as much as 35% on cars, mining outlook, Standard Bank says
2011-05-27 - (bl) - Rhodium set for biggest weekly gain in 17 months as ETP lists
2010-11-10 - (nzh) - How to add some sparkle to your portfolio
2010-05-24 - (kit) - I would invest in rhodium if I was not scared of radioactivity
2010-05-21 - (sa) - Investing in rhodium: World's most expensive metal
2010-01-02 - (kit) - Rhodium predictions and is now a time to invest?
2009-10-12 - (pm) - How to invest in rhodium
2009-08-24 - (mw) - Rhodium: The world's most precious precious metal
2009-07-31 - (kit) - Rhodium spread
2009-03-09 - (kit) - Rhodium stocks
2009-01-07 - (sp) - When you buy, invest or trade rhodium - Watch the spreads!
2008-06-23 - (kit) - Anyone know how to invest/buy rhodium?
2008-04-10 - (nu) - Rhodium investment: The rarest of precious metals

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