Rhodium Industry Statistics, Facts Trends and Data for 2025

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How big is the rhodium market?

Is rhodium a popular precious metal? Or is it fading in popularity?

Which country is the largest producer of rhodium in the world?

Find out in my updated palladium industry statistics guide for 2025.

Use this jump link to jump to the KEY STATS section.

All the references and resources I used in crafting my stats guide are listed at the bottom of the page.

Jump here: Key Rhodium Industry Statistics, Facts and Trends| Detailed Rhodium Industry Statistics, Facts and Trends for this Year

Rhodium Industry Statistics, Facts Trends and Data for 2025
Rhodium Industry Statistics, Facts Trends and Data for 2025

Key Rhodium Industry Statistics, Facts and Trends

Key Rhodium Industry Statistics, Facts and Trends for 2025

  • It takes 13 tons of ore to produce one troy ounce (31.135 g) of pure rhodium. Rhodium is mined alongside more abundant metals from platinum group and rhodium typically accounts for less than 10% of the ounces mined from platinum mining operations. (Source)
  • The global rhodium market size was valued at $2.44 billion in 2024. The market is expected to reach $3.66 billion by 2033 growing at a CAGR of 4.6%. (Source)
  • Global supply and rhodium production stood at approximately 1 million ounces (~30 metric tons) in 2024. The demand for rhodium is growing and so is it’s mining, despite the rarity of this noble metal. (Source)
  • Recycling plays a role in rhodium supply, adding an estimated 10 tons per year to the market. (Source)
  • By 2032 global annual rhodium production is predicted to reach 41 metric tons (~1.4 million ounces).(Source)
  • Rhodium is extremely rare on our planet. It’s found at approximately 0.00002 to 0.0002 parts per million, or about 2 parts in 10 billion. This makes rhodium roughly 100 times rarer than gold. (Source)
  • Around 80-90% of all rhodium in the world comes from South African platinum mines. South Africa is  the largest producer of platinum, rhodium, ruthenium and iridium worldwide. (Source)
  • South Africa’s platinum group metal production amounted to 239.9 metric tons in 2023 with 26.9 metric tons being pure rhodium production. (Source)
  • South African’s rhodium supply averages 25 metric tons per year, despite regular mining and supply turbulence that comes from shaft closures affecting production. (Source)
  • Russia produces approximately 1.8 metric tons of rhodium per year as byproduct of mining of other metals from the platinum group. Most of Russia’s rhodium comes from Ural Mountains in Central Russia, and from the easternmost parts of Russia, particularly the Kondyor mine, which is a large alluvial deposit of PGMs. The Norilsk deposit, a large nickel deposit, also yields rhodium as a byproduct. (Source)
  • Zimbabwe produces approximately 1.5 metric tons of rhodium per year as byproduct of mining of other metals from the platinum group. Most of Zimbabwe’s rhodium comes from the Great Dyke, a geological formation containing significant platinum group metal (PGM) deposits. The Great Dyke is a rich source of platinum, palladium, rhodium, nickel, and chrome. (Source)
  • Canada produces approximately 0.4 metric tons of rhodium per year as byproduct of mining of other metals from the platinum group. Most of Canada’s rhodium production comes from the copper-nickel sulfide ores in Ontario, particularly around Sudbury. And some comes from platinum mines in Quebec, Manitoba, and Newfoundland and Labrador. (Source)
  • Approximately 84% of rhodium is used in automotive catalytic converters to reduce harmful exhaust emissions. Rhodium is exceptionally effective at breaking down nitrogen oxides (NOx), making it a key component in these devices.  However, automotive demand is forecast to fall as global gasoline car production decreases. (Source)
  • However, another recent report says the demand for rhodium will rise with increased focus on reducing vehicle emissions. (Source)
  • Roughly 15% of rhodium produced in a year goes to jewelry design, almost 95% it of going to making rhodium coating for white gold. Just 5% of rhodium goes to creating pure rhodium jewelry, (exceptionally rare and expensive jewelry). (Source)
  • Only 1% of rhodium produced in a year goes to making pure rhodium bullion. Rhodium isn’t an IRA approved precious metal, but is still poplar with investors as a store of value, and one who’s value will increase in the future as humans find new uses for this precious metal. (Source)

Detailed Rhodium Industry Statistics, Facts and Trends for this Year

How Many Tons of Ore are Required to Produce One Troy Ounce of Pure Rhodium?

It takes 13 tons of ore to produce one troy ounce (31.135 g) of pure rhodium. Rhodium is mined alongside more abundant metals from platinum group and rhodium typically accounts for less than 10% of the ounces mined from platinum mining operations. (Source)

What’s The Global Rhodium Market Size?

The global rhodium market size was valued at $2.44 billion in 2024. (Source)

The market is expected to reach $3.66 billion by 2033 growing at a CAGR of 4.6%. (Source)

What’s the Trajectory of The Global Supply of Rhodium?

Global supply and rhodium production stood at approximately 1 million ounces (~30 metric tons) in 2024. The demand for rhodium is growing and so is it’s mining, despite the rarity of this noble metal. By 2032 global annual rhodium production is predicted to reach 41 metric tons (~1.4 million ounces). (Source)

Recycling also plays a role in rhodium supply, adding an estimated 10 tons per year to the market. (Source)

What's the Trajectory of The Global Supply of Rhodium?
What’s the Trajectory of The Global Supply of Rhodium?

Which Countries are the Biggest Rhodium Producers in the World?

South Africa, Zimbabwe, Canada and Russia are the world’s biggest producers. (Source)

Around 80-90% of all rhodium in the world comes from South African platinum mines. South Africa is  the largest producer of platinum, rhodium, ruthenium and iridium worldwide. (Source)

South Africa’s platinum group metal production amounted to 239.9 metric tons in 2023 with 26.9 metric tons being pure rhodium production. (Source)

South African’s rhodium supply averages 25 metric tons per year, despite regular mining and supply turbulence that comes from shaft closures affecting production. (Source)

Russia produces approximately 1.8 metric tons of rhodium per year as byproduct of mining of other metals from the platinum group. (Source)

Most of Russia’s rhodium comes from Ural Mountains in Central Russia, and from the easternmost parts of Russia, particularly the Kondyor mine, which is a large alluvial deposit of PGMs. The Norilsk deposit, a large nickel deposit, also yields rhodium as a byproduct. (Source)

Zimbabwe produces approximately 1.5 metric tons of rhodium per year as byproduct of mining of other metals from the platinum group. (Source)

Most of Zimbabwe’s rhodium comes from the Great Dyke, a geological formation containing significant platinum group metal (PGM) deposits. The Great Dyke is a rich source of platinum, palladium, rhodium, nickel, and chrome. (Source)

Canada produces approximately 0.4 metric tons of rhodium per year as byproduct of mining of other metals from the platinum group. (Source)

Most of Canada’s rhodium production comes from the copper-nickel sulfide ores in Ontario, particularly around Sudbury. And some comes from platinum mines in Quebec, Manitoba, and Newfoundland and Labrador. (Source)

What’s the Distribution of Rhodium Usage?

Approximately 84% of rhodium is used in automotive catalytic converters to reduce harmful exhaust emissions. (Source)

Rhodium is exceptionally effective at breaking down nitrogen oxides (NOx), making it a key component in these devices.  However, automotive demand is forecast to fall as global gasoline car production decreases. (Source)
However, another recent report says the demand for rhodium will rise with increased focus on reducing vehicle emissions.

Roughly 15% of rhodium produced in a year goes to jewelry design, almost 95% it of going to making rhodium coating for white gold. Just 5% of rhodium goes to creating pure rhodium jewelry, (exceptionally rare and expensive jewelry). (Source)

Only 1% of rhodium produced in a year goes to making pure rhodium bullion. Rhodium isn’t an IRA approved precious metal, but is still poplar with investors as a store of value, and one who’s value will increase in the future as humans find new uses for this precious metal. (Source)

Rhodium usage piechart
Rhodium usage piechart

Rhodium Industry Statistics, Facts Trends and Data Guide (Conclusion)

My updated guide for 2025 lists the best and latest statistics, facts, trends and data about rhodium industry and how this precious metal is used worldwide.

I hope you enjoyed it because the guide is now over.

During my research I consulted these resources below:

References:

Nikola Roza

Nikola Roza is a blogger behind Nikola Roza- SEO for the Poor and Determined. He writes for bloggers who don't have huge marketing budget but still want to succeed. Nikola is passionate about precious metals IRAs and how to invest in gold and silver for a safer financial future. Learn about Nikola here.

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