Ciaran Ryan
2 minute read
8 Mar 2021
9:51 am

Vehicle sales drive up rhodium prices to dizzying levels

Ciaran Ryan

Rhodium, palladium platinum are essential in cleaning exhaust emmissions in vehicles.

Cars on the outside in the parking lot - Picture: iStock

A recovery in global auto sales and tightening emission standards have driven rhodium prices to dizzying levels over the last month, propelling platinum to levels not seen in a decade. Last month autocatalyst manufacturer Johnson Matthey said the rhodium demand of roughly one million ounces a year was under-supplied by 84 000 ounces in 2020 – and that shortfall will likely continue in 2021 as global vehicle sales are expected to record a sharp bounce after a slump in 2020. Global vehicle sales are expected to rise almost 9% in 2021 after recording a 15% decline in 2020 because of...

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