How much do you know about rhodium? Did you know it’s one of the world’s rarest precious metals and just a single ounce can sell for thousands? Discerning investors like you should always be on the lookout for great opportunities, and rhodium should be at the top of the list. Rhodium has enjoyed much popularity over the past two decades, and experts believe demand will only increase. Used to detoxify car exhaust emissions, rhodium has a plethora of other uses, and investors are clamoring to get their hands on some. We predict prices will only increase with time, so get your hands on some now. At Indigo Precious Metals, we pride ourselves on our knowledge. You can rely on us as a reliable source of information on precious metals like rhodium. And, like gold, silver, or platinum, rhodium makes a great investment for your future. You can learn more at www.indigopreciousmetals.com.
Properties and Uses of Rhodium
Rhodium is very close in composition to platinum, belonging to the same family of elements, and is similarly durable. It’s so tough that it can withstand corrosion, tarnish, rust, and aggressive chemicals with ease. White gold jewelry typically includes an additional layer of thin rhodium plating for additional protection. Rhodium can enhance white gold’s natural luster while improving the durability of sterling silver, making it more resistant to tarnishing. In fact, rhodium is completely resistant to most acids, unaffected by nitric acid, and even stands up against aqua regia. Rhodium’s many beneficial qualities make it an excellent catalyst, as well as an ideal material for electroplating.
Demand for Rhodium
Among the world’s rarest precious metals, rhodium demand has enjoyed an upswing in price over the last few years. It has exceeded expectations to outperform most other major precious metals, but nothing is a sure thing. Demand rises and falls, comes and goes like waves, so it’s best to act quickly if you’re interested in investing.
Rhodium’s demand is primarily as a gasoline auto-catalyst, used alongside palladium in gasoline auto-catalysts, for which there are few alternatives. Moreover, only a few years ago, prices shot up from a decade-long slump. This turnaround came down to increased industrial demand from automakers, particularly in Eastern markets like China and Japan. Currently trading at over $1000 per ounce, prices will increase alongside demand. It’s best to get your foot in the door early before prices soar past your budget, as, in the short term, prices are unlikely to fall.
Rhodium’s market is considerably smaller when compared to most other precious metals, but the prices tend to be more unpredictable. Precious metals trading is both a highly profitable and difficult enterprise, and leaving it too late to act on your opportunities can lead to disappointment. Don’t let cold feet stop you from taking advantage of rhodium’s profitable market value. Why should you miss out on a great opportunity like this? You’ll be kicking yourself later if you fail to act. Let us help you make the most of your investments at Indigo Precious Metals.