Rhodium has rarely been considered an investment precious metal like gold, silver, platinum, and palladium. However, it is far, far rarer than all of these metals and may merit investment consideration. Only 28 tons of rhodium are mined annually compared to 220 tons of platinum and over 2,300 tons of gold.


Rhodium (Rh) is a lustrous white metal that is both hard and dense. It has very high reflective properties and is an excellent conductor of both heat and electricity. Like palladium, it is one of the six Platinum Group Metals or “Noble Metals”. Rhodium was discovered in 1803 by the British chemist and physicist William Hyde Wollaston along with his discovery of palladium.

Engineers understand rhodium as an alloy or coating agent that improves the corrosion resistance of both palladium and platinum. Rhodium is often used by jewelers as a coating on silver, platinum, and palladium jewelry to make the items more scratch resistant and improve luster and shine. Because of its reflexive properties, rhodium is also used in high quality glass and LCD screen production.

However, like platinum and palladium, the majority of demand for rhodium comes from the auto industry for its usage in catalytic converters where rhodium catalyzes the reduction of nitrogen oxide to nitrogen.

Rhodium is extracted as a byproduct of platinum mining. Therefore, like platinum, the majority of the world’s rhodium supply (80%) comes from South Africa in the mining region called the Bushveld complex. Rhodium is extremely difficult and costly to extract from other elements in the earth.

The price of rhodium has been very volatile in recent years. From 2004 to 2008, it rose 2,112% from $452 per ounce to $10,000 per ounce only to fall back just below $1,000 per ounce in less than a year. Rhodium stayed near unchanged between around $1,000 per ounces from 2012 to 2016 rhodium traded between 1,800 to as low as $600 per ounce. From 2017 to 2018, the price of rhodium rose almost 150% to nearly $2,500 per ounce. At the end of 2019 rhodium surged to over $5,000 per ounce. Strong demand from China for auto manufacturing and lower supply from South Africa have made rhodium the strongest performing commodity in Q1 of 2020. Rhodium has also started 2021 with a surge to an all-time high of $21,900/oz.

Rhodium usage



Baird & Co., Britain’s only gold refinery, has launched the world’s first legal tender coin made of rhodium: the Tuvaluan $100 Coin. One ounce rhodium bars are produced by the PAMP Suisse mint as well as by the British refiner Baird & Co. All these bars are 99.9% fine rhodium and are more readily available than the Tuvaluan. You can buy rhodium bars from Midas Gold Group. As with all of our transactions, your rhodium purchase is simple, private, secure, and tax-free.

Rhodium Tuvalu South Sea Dragon

The Tuvalu Rhodium South Sea Dragon is the world’s first legal tender rhodium coin; with an initial mintage of only 1,000 coins they are extremely rare and valuable!

PAMP Suisse Rhodium Bar (In Assay)

The .999 pure PAMP Suisse Lady Fortuna Rhodium Bar with, a serial number and assay, is one of the few available ways to own this extremely rare mineral, rhodium.

Baird & Co. Rhodium Bar

Even though rhodium is more than 100 times more rare than gold, there was no investment rhodium product until London-based Baird & Co. created this .999+ quality bar.

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