Rhodium- The World's Most Expensive Metal Reached $27000 An Ounce! What It Looks Like!

Rhodium is a little known metal in the precious metals world. It is part of the platinum group metals and is as of this writing the worlds most expensive metal/precious metal. This metal went from a low of $585 in 2016 to $27000 in April 2021. As of 22 September 2021 Rhodium current stands at $12700 per ounce and is subject to wild price fluctuations. It is used in the automotive industry which is what is driving up the demand. New rules in many countries require cars to reduce emissions of toxic gases from exhausts. This alone drives the price of rhodium up to new highs. Is it possible that Rhodium will jump higher than $30000 per ounce over the next few years, it is possible as long as stringent emission regulations stay in place. As of 22 September 2021 Rhodium holds the title of the world's most expensive metal and most expensive precious metal.

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