Rhodium Bullion
Did you know:
- Rhodium is the rarest of all nonradioactive metals on the earth;
- As much as 80%-90% of annual rhodium supplies go into the production of automotive catalytic converters, which convert harmful gases from auto exhaust into less harmful substances;
- Rhodium is 100 times rarer than gold. Yet no matter its rarity or cost, this metal is absolutely vital to the rapidly recovering automobile industry;
- There are less than ten significant rhodium producing mines in the world, most of which are located in South Africa, which supplies over 80% of the world's demand for rhodium;
- In 2008, the price briefly rose above $10,000 per ounce ($350,000 per kilogram).
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