A Sharp Correction After The Incredible Rhodium Price ExplosionThe rhodium price crashed in March by 32 percent but is recovering already. Still the rally of the last months and years stays impressive.
The reason for the bull run is a tight supply and a strong demand. The causes of the jump have not yet disappeared and may last longer.
Not only rhodium is scarce, but its ETC (XRH0), too.
The largest rhodium producers, Northam Platinum and Impala Platinum are listed primarily in Johannesburg, South Africa. (But also available in the OTC market in the US and Germany.) The big multinational commodity holding Anglo American is another main rhodium (and platinum) producer. But much of its revenue comes from other raw materials. (Rhodium can’t be found in pure form. It is a byproduct of platinum, nickel, and palladium mining output.)
Main rhodium minders surged 400-500 percent in last years. But the economic recovery, expected in the middle and second half of this year, may further increase the buying pressure on rhodium and miners.
