For Customer Service: 1-877- 77- KITCO or 1-514-875-4820
Only $100 spread between bid and ask.
Price down 80% from the high.
Even Deutsche Bank AG is in the rhodium game!
Current price: USD $1,900.00
Sep 21, 2011 18:00 NY Time
Production
- Just 25 tons of rhodium are mined every year
- Rhodium is mined primarily in South Africa and Russia
- Production in both countries is prone to interruptions and labor unrest
Demand
- Rhodium is used in every car’s catalytic converter
- Long-term car demand is likely to be very strong, especially in Asia
- Rhodium is currently priced about 80% lower than its historic high of over $10,000 per ounce
Trade
- Confident about rhodium’s long-term prospects, Deutsche Bank AG, launched a new Physical Rhodium ETC
- Kitco has reduced its spread on rhodium to just $100
- New areas of demand with increased liquidity could make rhodium the precious metal of the future
News & commentaries
- Dull and dusty rhodium has its charms
- Like Gold? Buy Rhodium
- Chance discovery could have lasting impact
- Platinum, Palladium and Rhodium Outlook, July 27, 2011
- Here Comes the Rhodium ETF
- Rhodium Trading Thoughts
- Strategy: watch out for rhodium price
- Rhodium-iron catalyst helps increase yield of hydrogen gas in steam reforming of ethanol
Understand rhodium and learn more about Kitco Rhodium Sponge (FAQs)