Exploring and mining the earth's metals have and play a vital role in our lives. Rhodium is known as one of the six platinum group metals, it's not only in short supply and high in demand but is valuable in price and in its application, especially to the auto industry.
The limited quantity and sourcing countries for this rare metal are what constrains the market. The bulk of supply is located in South Africa which has the most mines and produces the majority on the world market.
Rhodium has many uses but the car industry plays a central role in the demand for the metal which primarily is used in catalytic converters. The metal enables the dirty pollutants in the form of gases to be converted to cleaner emissions.
The metal also holds properties that can be applied across industries. Its reflective qualities, resistance to corrosion and tarnishing capabilities add to its overall value.
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