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PGM · byproduct
Bottom line
Rhodium sits on 2 federal critical-minerals lists; mine supply is highly concentrated (HHI 0.74, 2021), led by 🇿🇦 South Africa at 86% of output. Prices rose 24% over the past year (-27%/yr over 4y).
At a glance
Price · 2025
5,800dollars per troy ounce
USGS MCS (Rhodium)
Price trend
+24% 1Y
-27%/yr · 4Y CAGR
Mine production HHI
0.74
Highly concentrated · 2021
From ore to use
lifecycle flow
-
Reported at PGM group level
21,337kilograms
South Africa top · 2025
13,660kilograms
net importer · 2025
Coverage
Provenance
-
27,962kilograms
Auto · 2025
Methodology
The eight-stage lens, the observed-vs-estimated membrane, stage-honest supply, per-stage concentration, ownership resolution and the demand lens - the full method is illustrated live on copper, nickel and lithium.
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ni43101_deposits
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usgs_mrds_2016
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