Rhodium Prices

29-01-2026 - Over the past month, rhodium prices have surged significantly, climbing from $8,925 per ounce to $10,850 per ounce. This increase suggests strong demand or a reduction in supply within the raw material market, highlighting notable volatility and potential investment interest. The forecast predicts a further rise to $11,125 per ounce, a 2.5% increase from the current price, indicating a general upward trend. However, this comes with the risk of market volatility impacting raw material prices.

The current forecast points to upward price pressure on rhodium, influenced by factors such as exchange rates, which contribute a $75 per ounce impact. Despite this, there is a lack of consensus among data types, as technical indicators suggest downward pressure, adding uncertainty to the overall forecast.

While the forecast anticipates a price of $11,125 per ounce in the coming month, external sources offer a different perspective. Heraeus Precious Metals projects a shift in the rhodium market from a small deficit to a surplus by 2026, with prices expected to range between $6,000 and $9,000 per ounce. This projection suggests a potential decrease in rhodium prices, contrasting with the forecast's upward trend.