Mining Commodities & Minerals · Direct
Monitoring · monthlyProcurement Category Intelligence
Rhodium
Overview
Market size
$4.7B
global, USD
CAGR
5.2%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
6
tracked players
Signals
12
3 high severity
Market outlook
2031$6.1B
What changed
Demand by region
Asia Pacific demand39%
Europe demand27%
North America demand20%
Rest of world demand14%
share of global demandtotal 100%
Cost drivers
Primary PGM mining and extraction operations45%
Smelting and metallurgical refining processing25%
Energy and electricity utilities15%
Logistics and specialized secure transport10%
Secondary recycling and recovery processing5%
share of delivered cost (analyst estimate)