Rhodium prices tumbled before 2008 was over as commodities as a whole fell during the financial crisis.
FORBES: Honda's Reduced Use Of Rhodium Part Of Effort To Shift Away From More-Expensive Metals
Honda said last week that it has developed a new catalyst that reduces rhodium use by 50%.
FORBES: Honda's Reduced Use Of Rhodium Part Of Effort To Shift Away From More-Expensive Metals
With the already little supply of rhodium any buying or shortage can move the price, say experts.
FORBES: Rhodium Inches Higher on News of Emerging Investment Products
Deutsche Bank AG announced this week that it planned to launch a physical rhodium ETC (Exchange Traded Commodity).
FORBES: Rhodium Inches Higher on News of Emerging Investment Products
Norilsk Nickel, which supplies the car industry with palladium, platinum and rhodium, is looking to expand its operations.
Mr. Rosen is China practice leader at Rhodium Group and visiting fellow at the Peterson Institute for International Economics.
Rhodium reports that some 600 Chinese investments in the United States have created about 27, 000 U.S. jobs since 2000.
Nearly 70 per cent of the total rhodium supply comes from South Africa.
FORBES: Rhodium Inches Higher on News of Emerging Investment Products
Rhodium, platinum and palladium are part of the platinum group metals (PGMs), primarily used to manufacture automobile emission control devices.
FORBES: Rhodium Inches Higher on News of Emerging Investment Products
Most watches made today, even the most expensive, are built of brass, which is rhodium-plated before finishing to impede tarnishing.
Adding to the concern are similar drops in prices for metals such as palladium and rhodium that often mined along with platinum.
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For rhodium, mined supplies were 765, 000 ounces, while recycling amounted to 280, 000.
FORBES: Honda's Reduced Use Of Rhodium Part Of Effort To Shift Away From More-Expensive Metals
Rhodium prices are well down from their peak, but Rannestad said there tends to be a lag between price action and new technology.
FORBES: Honda's Reduced Use Of Rhodium Part Of Effort To Shift Away From More-Expensive Metals
Kitco News has also learnt that a Bermuda-based firm is looking to release a 100% rhodium backed electronically traded fund in the near future.
FORBES: Rhodium Inches Higher on News of Emerging Investment Products
Alternative sources accounting for flows through third countries, such as Rhodium Group's China Investment Monitor, point to an even sharper increase of up to 1, 300%.
With its new catalyst, Honda said enhanced performance of lower-cost palladium in purification of exhaust emissions enabled it to replace a portion of rhodium use.
FORBES: Honda's Reduced Use Of Rhodium Part Of Effort To Shift Away From More-Expensive Metals
Wilburn noted in 1995, 6% of the palladium reserve, 4% of the platinum reserve and 4% of the rhodium reserve came from the Eastern Bushveld.
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Miguel Perez-Santalla, vice-president of Marketing at Heraeus Precious Metals Management agreed that there has been buying activity since the news of the Deutsche Bank rhodium ETC.
FORBES: Rhodium Inches Higher on News of Emerging Investment Products
The mine life is projected at more than 20 years and the metal split is 64% platinum, 27% palladium, 5% rhodium and 4% gold, he said.
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As trends of strengthening global auto production and emissions regulations continue, Honda said, the company anticipates demand for platinum, palladium and rhodium to keep rising in the future.
FORBES: Honda's Reduced Use Of Rhodium Part Of Effort To Shift Away From More-Expensive Metals
Catalytic converters contain platinum, palladium and rhodium whose have skyrocketed.
Other features include stainless steel Linley tread plates, a rhodium-plated plaque in the glove box and a stainless steel overlay of the Linley logo on the passenger fascia panel.
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The annual yearbook on platinum group metals put out by the consultancy CPM Group pegged global rhodium demand in 2011 at 894, 496 ounces, of which 739, 177 was for autos.
FORBES: Honda's Reduced Use Of Rhodium Part Of Effort To Shift Away From More-Expensive Metals
Although it does in fact have a lot of relevance to the modern world: the taxation of palladium and or rhodium exports from the Norilsk mine are informed by it, just as one example.
Still, while one analyst said efforts to thrift rhodium may mean a further dip in prices, any downside eventually may be limited since the auto sector does not appear to be trying to move away from the metal completely.
FORBES: Honda's Reduced Use Of Rhodium Part Of Effort To Shift Away From More-Expensive Metals
Referring to the lost production in South Africa because of labor unrest this year, he said the lost PGM output could be as high as 1.2 million ounces versus 2011 production, referring to the combination of platinum, palladium and rhodium.
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Partly due to the possibility of exemptions, "we expect Japanese and Korean refineries to reduce their purchases of Iranian crude by between 10% and 40% over the course of 2012, " Trevor Houser, a partner at New York-based economic research firm Rhodium Group, said in a note Wednesday.
Jon Nadler, Senior Metals Analyst at Kitco Metals said that, on a day when the metals complex was witnessing losses in all but palladium and rhodium the 6.81% intra-day gain in the latter was most likely indicative of the possible effects of the creation and launch of the Deutsche Bank exchange-traded instrument.
FORBES: Rhodium Inches Higher on News of Emerging Investment Products
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