Rhodium Prices

05-02-2026 - Over the past month, rhodium prices have risen from $9,725 per ounce to $10,575 per ounce, indicating either increased demand or a reduced supply of this raw material. This price movement reflects market dynamics that have pushed prices upward. The forecast anticipates a slight increase to $10,750 per ounce, representing a 1.7% rise from the current price of $10,575 per ounce. This suggests a relatively stable trend with minimal risk, as the price change is modest.

The current forecast also highlights upward price pressure on rhodium due to exchange rate fluctuations within Flows, contributing an additional $50 per ounce. However, this is balanced by downward pressure from demand and technical data, resulting in an overall mixed market outlook.

Looking further ahead, Heraeus Precious Metals projects that by 2026, the rhodium market will transition from a small deficit to a surplus, with prices expected to range between $6,000 and $9,000 per ounce. This long-term outlook suggests a potential decrease in rhodium prices, which contrasts with the forecast's short-term prediction of an increase to $10,750 per ounce in the coming month.