Why are Rhodium Prices so high?
30-09-2026 - Over the past month, rhodium prices have experienced a modest increase, climbing from $8,900 per ounce to $9,150 per ounce. This upward movement suggests either a growing demand or a reduction in supply for this raw material. The forecast anticipates a further rise to $9,625 per ounce, representing a 5.2% increase from the current price. This trend indicates moderate risk due to market volatility.
The current forecast highlights upward price pressure on rhodium, influenced by technical data, with a $625 per ounce impact driven by price signals and trend-following indicators. However, demand data presents a contrasting downward trend, resulting in mixed signals overall.
According to Trading Economics, as of September 30, 2026, rhodium is trading at $9,150 per troy ounce, with an expected price of $9,457.85 by the end of the current quarter. This projection aligns with the forecast of $9,625 per ounce for the upcoming month, suggesting a continued upward trend in rhodium prices.
The current forecast highlights upward price pressure on rhodium, influenced by technical data, with a $625 per ounce impact driven by price signals and trend-following indicators. However, demand data presents a contrasting downward trend, resulting in mixed signals overall.
According to Trading Economics, as of September 30, 2026, rhodium is trading at $9,150 per troy ounce, with an expected price of $9,457.85 by the end of the current quarter. This projection aligns with the forecast of $9,625 per ounce for the upcoming month, suggesting a continued upward trend in rhodium prices.
What is the current / spot price of Rhodium?
Rhodium Price Today
September 30, 2026
Current Price
9150
$/oz
What is the forecast for the price of Rhodium?
Rhodium Price Forecast
September 30, 2026
1 Month Forecast
9625
$/oz
1 Year Forecast
9750
$/oz
What are the short-term drivers of Rhodium prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - EWMA-based technical analysis - Long term price trends - Short term price trends - Seasonality trends for the prediction week of year Br(None) The top contrary drivers for the 1 Month horizon are: - Movements in the US Dollar Index
What are the long-term drivers of Rhodium prices?
Over the 1 Year horizon the outlook is bullish due to drivers such as: - EWMA-based technical analysis - Movements in the Malaysian Ringgit - Short term price trends - Japan PMI - Eurozone Equities Br(None)
Will the price of Rhodium go up?
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1 Week
1 Month
3 Month
6 Month
1 Year
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ChAI Protect is our commodity price risk insurance offering, created to protect your company from the financial risks associated with raw material price movements.
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