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Corporate solution including all features. Statistics on " Precious metals worldwide " The most important statistics. The most important statistics. Further related statistics. Leading rhodium producers worldwide by production Distribution of rhodium production worldwide by producer Global iridium demand by application Global ruthenium demand by application Global leading exporting countries of palladium Gold reserves in Canada Palladium demand China Worldwide demand for palladium by region Platinum forecasted demand in China in , by application Worldwide dental demand for palladium by region Palladium demand for chemical uses in China Palladium forecasted demand China in , by application.
Further Content: You might find this interesting as well. Statistics Leading rhodium producers worldwide by production Distribution of rhodium production worldwide by producer Global iridium demand by application Global ruthenium demand by application Global leading exporting countries of palladium Gold reserves in Canada Palladium demand China Worldwide demand for palladium by region Platinum forecasted demand in China in , by application Worldwide dental demand for palladium by region Palladium demand for chemical uses in China Palladium forecasted demand China in , by application.
Learn more about how Statista can support your business. Johnson Matthey. After a series of chemical reactions, Wollaston was able to remove the platinum and palladium from the sample of platinum ore. He was left with a dark red powder — which turned out to be sodium rhodium chloride, according to Jefferson Lab. The main use for rhodium is in catalytic converters designed to clean vehicle emissions.
Without rhodium catalysts, the air in our cities would be much worse due to vehicle exhausts. Since rhodium is quite brilliant and resistant to tarnishing, it is used as a finish for jewelry, searchlights and mirrors.
It is also alloyed with platinum for aircraft turbine engines. In the chemical industry, rhodium is used as a catalyst in the making of nitric acid, acetic acid and hydrogenation reactions, according to the Royal Society of Chemistry RSC. Other uses for rhodium are coating optic fibers, crucibles, thermocouple elements and headlight reflectors. Since it has a low electrical resistance and is highly resistant to corrosion, it is used as an electrical contact material as well, according to RSC.
Rhodium is often alloyed with platinum and iridium to make an oxidation-resistant metal that can stand against high temperatures. These alloys are used in furnace windings, pen nibs, phonograph needles, high-temperature thermocouple and resistance wires, electrodes for aircraft spark plugs, bearings and electrical contacts, according to Lenntech.
Rhodium has no known biological use and no known use for life processes. While some compounds of rhodium are carcinogenic, there are almost no reported cases of humans being affected by this element in any way. With considerable palladium supply coming from Russia and North America, palladium is more diversified than that of its rarer sister metal, rhodium, and therefore easier for auto-catalyst manufacturers to procure.
Stephen Forrest, the co-founder of a leading PGM research firm SFA Oxford bought by the South African mining company Sibanye Stillwater in late , was quoted saying he believed that semi-fabricators would start to substitute rhodium in auto-catalysts with palladium.
However, if or until such substitution is possible global palladium supply is also in deficit relative to demand , there is likely to be more upside for rhodium prices to reach new highs in the coming years. One of the recommendations made in the PEA was to further identify any rhodium mineralization that may be recoverable as a payable metal during production.
The company has near-term plans to assay more River Valley drill core for rhodium content, thereby raising interest and increasing marketability of the River Valley PGM deposit, which being in Ontario Canada is in a very safe and secure mining jurisdiction with established infrastructure.
Rhodium is an extremely rare precious metal. Rhodium is used in other industries to a far lesser extent: a catalyst for producing nitric and acetic acids in the chemical industry protective coating on jewelry pieces to protect from scratches and tarnish a glass strengthening alloy Overall, the rhodium market is relatively small at just under 1. These mines are labour and energy intensive, resulting in higher costs to develop each ounce.
Additional issues that plague the mining sector in South Africa include: Lack of reliable energy-generating infrastructure and supply, burdensome regulatory hurdles for mining companies seeking to implement their own substantial power generation infrastructure.
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