Rhodium Compound Prices Decline
Rhodium compounds experienced forced price cuts as end users resisted elevated prices following a prior rally. The downward trend reflects weaker demand and lingering legacy inventory, tightening price support.
Rhodium Price Trend Analysis 2026: Latest News, Market Insights, Price Drivers, Supply Demand Analysis & Historical Prices
Written ByPragati Agarwal
Rhodium Latest Development
South Africa PGM output slumps, tightening supply
Platinum group metal mining production in South Africa dropped sharply in August 2026, cutting output and reducing available supply. The decline is expected to lift upward pressure on PGM prices due to tighter market conditions.
Rhodium Price Trend Q3 2026
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Rhodium | China | FOB | USD 279.98/Gram | August 2026 |
| Rhodium | India | CIF | USD 279.98/Gram | August 2026 |
| Rhodium | USA | CIF | USD 279.98/Gram | August 2026 |
| Rhodium | Netherlands | CIF | USD 279.98/Gram | August 2026 |
| Rhodium | Brazil | CIF | USD 279.98/Gram | August 2026 |
| Rhodium | China | FOB | USD 263.87/Gram | July 2026 |
| Rhodium | India | CIF | USD 263.98/Gram | July 2026 |
| Rhodium | USA | CIF | USD 264.06/Gram | July 2026 |
| Rhodium | Netherlands | CIF | USD 264.01/Gram | July 2026 |
| Rhodium | Brazil | CIF | USD 264.15/Gram | July 2026 |
Stay updated with the latest Rhodium prices, historical data, and tailored regional analysis
Rhodium Price Trend Q3 2026
- During Q3’26, rhodium prices strengthened, rising alongside a firm platinum group metals complex as slowing South African supply supported market sentiment.
- South African mine output, the main source of rhodium, weakened month on month in May and June, signalling recovery rather than sustained supply growth.
- Autocatalyst demand stayed under pressure from rising electric vehicle adoption in China, while hydrogen projects offered new support for minor platinum group metals.
In China, the average price of Rhodium rose from ~USD 263.87/Gram (FOB) in July to ~USD 279.98/Gram in August, an increase of ~6.1%. India followed with a similar gain of about 6.1%, from ~USD 263.98/Gram (CIF) to ~USD 279.98/Gram, while the USA rose about 6.0%, from ~USD 264.06/Gram (CIF) to ~USD 279.98/Gram. Overall, rhodium followed an upward trend through the quarter, supported by firmer conditions across the platinum group metals market. Statistics South Africa data showed mine output about 12% higher in the first half, but monthly production fell in both May and June, pointing to a recovery from earlier disruptions rather than lasting growth. As South Africa is the main rhodium supplier, this slowdown supported prices. Minor platinum group metals also gained in early July after a final investment decision on a major hydrogen hub in Australia. However, weaker automotive demand limited the rise, as China’s battery electric vehicle exports rose 48% in May, and electric cars need no rhodium-based catalytic converters. Producers also expected the market to stay broadly balanced.
Analyst Insight
According to Procurement Resource, in the near term, rhodium prices are likely to stay firm on constrained supply, though slowing autocatalyst demand may cap further gains.
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- Rhodium markets were on a rise in the early part of H1 2026 before correcting as weaker automotive demand and improving secondary supply changed market sentiment.
- Recycling availability increased as higher PGM values encouraged spent autocatalyst collection, reducing supply tightness and adding downward pressure later in the period.
- Autocatalyst demand weakened as electric-vehicle adoption increased, although stronger vehicle exports partly supported rhodium consumption in stricter-emission markets.
In China, the average Rhodium price declined from USD 321/gram (FOB) in April to USD 260/gram (FOB) in June, showing a 19.00% decrease. India recorded an average price of USD 321.01/gram (CIF) in April and USD 260.1/gram (CIF) in June, representing a 18.97% fall. During H1 2026, rhodium prices followed a fluctuating pattern, with the weakness emerging during Q2. Initially, the rhodium price curve displayed uptrend continuing the rising trend from the previous year. However, the prices started correcting in March. The downturn was mainly driven by weaker demand from gasoline-vehicle autocatalysts as China’s transition toward new-energy vehicles accelerated. Chinese new-energy vehicle output increased 17.8% year on year in May, reducing the long-term requirement for rhodium-intensive exhaust-treatment systems. Strong Chinese vehicle exports provided some offset because exported combustion-engine vehicles often require higher catalyst loadings to meet destination-market emission standards. Supply conditions also became less supportive as autocatalyst recycling improved and the global market moved closer to surplus expectations.
Analyst Insight
According to Procurement Resource, rhodium prices are expected to remain soft to stable as weaker combustion-engine demand and higher recycling availability outweigh support from export-oriented automotive consumption.
About Rhodium
Rhodium is a rare chemical element with a silvery-white appearance. It is a hard, chemically inert, and corrosion-resistant transition metal. It is a member of the platinum group. It has only one naturally occurring isotope, that is, 103Rh. Rhodium, in its powdered form, is primarily used as the cars' catalytic converter and is popular as a highly useful metallic agent.
Rhodium Product Detail
Chemical Formula
Rh
CAS Number
7440-16-6
Molecular Weight
102.9055 g/mol
Industrial Uses
Catalyst, Strong, Complexing Agent, Alloys, Other
Synonyms
Rhodium Fume, Rhodium on Carbon
Supplier Database
Umicore N.V, Russian Platinum , Anglo American Platinum Limited, Johnson Matthey, BASF SE, E Buddy Recyclers
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Rhodium Production Process
- Production of Rhodium via Extraction: Rhodium is extracted or derived as a by-product of platinum and nickel mining and processing. The product is then separated from the ores and refined before its commercial use.
Our Price Analysis Methodology
About the Author
Pragati Agarwal
Senior Business Insights Analyst
Delivering price trend analysis and procurement market insights at Procurement Resource, with expertise in identifying commodity patterns, supporting purchasing strategies, and improving cost efficiency through actionable market intelligence.
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