As of 2021 it is estimated that there is approximately 748,000 ounces of rhodium globally. Rhodium is considered one of the rarest and most valuable metals in the world.
Rhodium: the rare PGM
Rhodium is a silver-colored platinum group metal (PGM) that is highly reflective and resistant to corrosion and oxidation. Platinum group metals include rhodium, platinum, ruthenium, iridium, osmium, and palladium. Rhodium is the rarest metal in the platinum family and occurs in the Earth’s crust at a rate of around one part per 200 million. It is primarily used in catalytic converters to clean motor emissions or as a finishing metal for jewelry. Despite having a stable supply globally, the demand for rhodium has been increasing over time.
Platinum-group metals: expensive precious metals
Platinum-group metal mine production has been stable in recent years. Platinum is one of the most expensive metals to produce due to its low concentration within the ore from which it is mined. The price of production varies greatly between the countries in which it is produced, with South Africa having the highest cost of production for platinum. The world’s leading producer of platinum as of 2019 was Anglo American Platinum Ltd.
Supply of rhodium worldwide from 2010 to 2021
(in 1,000 ounces)
Supply figures represent estimates of sales by the mines of primary platinum group metals and are allocated to where the initial mining took place rather than the location of refining. Additionally, the source reports sales of metal that they believe has not previously been priced, principally sales of Russian state stocks, as supplies.
This statistic was assembled using several editions of the report.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Statista Accounts:
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
Johnson Matthey. (May 14, 2021). Supply of rhodium worldwide from 2010 to 2021 (in 1,000 ounces) [Graph]. In Statista. Retrieved May 17, 2022, from https://www.statista.com/statistics/592714/supply-of-rhodium-worldwide/
Johnson Matthey. "Supply of rhodium worldwide from 2010 to 2021 (in 1,000 ounces)." Chart. May 14, 2021. Statista. Accessed May 17, 2022. https://www.statista.com/statistics/592714/supply-of-rhodium-worldwide/
Johnson Matthey. (2021). Supply of rhodium worldwide from 2010 to 2021 (in 1,000 ounces). Statista. Statista Inc.. Accessed: May 17, 2022. https://www.statista.com/statistics/592714/supply-of-rhodium-worldwide/
Johnson Matthey. "Supply of Rhodium Worldwide from 2010 to 2021 (in 1,000 Ounces)." Statista, Statista Inc., 14 May 2021, https://www.statista.com/statistics/592714/supply-of-rhodium-worldwide/
Johnson Matthey, Supply of rhodium worldwide from 2010 to 2021 (in 1,000 ounces) Statista, https://www.statista.com/statistics/592714/supply-of-rhodium-worldwide/ (last visited May 17, 2022)
