What is the price of rhodium, the common application of rhodium?

Rhodium, a precious white metal, has a price that reflects its scarcity and high efficiency. In the market, the price of rhodium is volatile, but it usually ranges from tens to hundreds of dollars per gram. Depending on the region and market demand, the price will also vary. For example, in April 2023, the price of rhodium is approximately $260 per gram, which is based on a variety of factors, including supply, recovery efficiency, industrial demand, and fluctuations in investment markets.

Rhodium is widely used, especially in the field of catalysts. In the automotive industry, rhodium is used as a major component of catalytic converters to help convert harmful exhaust emissions into less harmful gases and reduce environmental pollution. Rhodium also plays a key role in the chemical industry, where it is used to catalyze a range of chemical reactions, particularly the synthesis of high-value complex molecules in pharmaceutical processes.

In the field of electronics, rhodium is used in high quality electrical contact points and electrodes due to its excellent conductivity and corrosion resistance. In the jewelry process, rhodium increases the durability and gloss of the jewelry by providing a coating that resists scratching and fading.

Summarizing the common applications of rhodium, it can be seen that its value is mainly reflected in three aspects: industrial manufacturing, environmental protection and beautiful decoration. Due to its importance in improving product performance and ecological environmental protection, it is not surprising that rhodium has a high price. While its cost may limit its widespread use, rhodium's contribution in advancing technological development and environmental protection cannot be ignored. Therefore, even if it is expensive, rhodium is still an indispensable material in modern technology and industry.