Rhodium Price Trend and Forecast 2026-2027

Market Overview

Rhodium prices in Germany, the highest-cost reporting region, rose 1.8% in Q2 2026 to USD 420,000.00/KG from USD 412,600.00/KG in Q1, holding near the sharply elevated levels reached during an uninterrupted run of quarterly gains that began in early 2025. Globally, the average rose from USD 409,010.00/KG in Q1 to USD 416,270.00/KG in Q2, a 1.8% gain, following an extraordinary 39.0% surge in Q1 alone, capping a run that saw prices climb from roughly USD 181,250.00/KG in Q1 2025, a cumulative gain of more than 130 percent. For H2 2026, this market's forecast stays firm, with the projected benchmark holding in a USD 446,000.00-499,000.00/KG range as tight catalytic converter supply chains and constrained platinum group metal byproduct availability continue to support pricing.

Rhodium is a silvery-white precious metal in the platinum group, mined almost exclusively as a byproduct of platinum and palladium extraction, making it one of the rarest and most expensive traded metals, with prices measured in the hundreds of thousands of dollars per kilogram. It is essential to catalytic converters that control vehicle emissions, with smaller uses in glass manufacturing, electrical contacts, and increasingly in high-density data storage applications tied to expanding AI infrastructure. Because rhodium trades on an opaque, worldwide over-the-counter basis rather than through separate regional pools, pricing across major markets tends to move in close lockstep, with regional figures reflecting minor local premiums and import costs rather than genuinely distinct supply-demand dynamics. Platinum group metal byproduct availability, automotive catalytic converter emissions standards, and AI-linked data storage demand are what drive prices in this market.

Rhodium Price Forecast for 2026

The outlook for Rhodium through H2 2026 stays firm, with the projected benchmark holding in a USD 446,000.00-499,000.00/KG range as tight catalytic converter supply chains and constrained platinum group metal byproduct availability continue to support the global price. Demand from AI-linked data storage and automotive applications is expected to keep supply conditions tight, with price support likely to persist as affordable substitutes remain limited.

The main upside risk is a further tightening of platinum and palladium mining output in South Africa or Russia, which would constrain rhodium byproduct supply further and could extend the extraordinary run of gains recorded since early 2025. The main downside risk is a faster-than-expected easing of automotive catalytic converter demand or a substitution shift in emissions control technology, which could interrupt this market's uninterrupted run of quarterly gains.

For the Quarter Ending June 2026

Rhodium Prices Q2 2026:

• Germany: USD 420,000.00/KG
• United States: USD 418,000.00/KG
• China: USD 413,500.00/KG
• India: USD 412,500.00/KG

Rhodium Prices in Germany

German Rhodium prices averaged USD 420,000.00/KG in Q2 2026, the highest of any region tracked here, up 1.8% from USD 412,600.00/KG in Q1, holding near the sharply elevated levels reached during this market's uninterrupted run of quarterly gains.

Why did the price of Rhodium change in Q2 2026 in Germany?

Constrained platinum group metal byproduct availability, tied to structurally tight primary mining supply in South Africa and Russia, continued keeping this market at the top of the range tracked in this report.

Rhodium Prices in the United States

US prices averaged USD 418,000.00/KG in Q2 2026, up 1.8% from USD 410,700.00/KG in Q1, as tight catalytic converter supply chains continued supporting this market.

Why did the price of Rhodium change in Q2 2026 in the United States?

Robust demand from the automotive catalytic converter manufacturing sector, fueled by escalating global emission standards requiring higher rhodium loadings, continued supporting firm pricing.

Rhodium Prices in China

Chinese prices averaged USD 413,500.00/KG in Q2 2026, up 1.8% from USD 406,300.00/KG in Q1, as growing consumption in high-density data storage applications continued driving gains.

Why did the price of Rhodium change in Q2 2026 in China?

Procurement activity from the electronics and data storage sectors continued reflecting urgency among buyers, where the metal's role in hard drive recording capacity made it difficult to substitute.

Rhodium Prices in India

Indian prices, the lowest of the four regions, averaged USD 412,500.00/KG in Q2 2026, up 1.8% from USD 405,400.00/KG in Q1, closely tracking the global benchmark consistent with rhodium's opaque, worldwide over-the-counter trading structure.

Why did the price of Rhodium change in Q2 2026 in India?

This market continued tracking the global benchmark closely, consistent with rhodium's status as an opaque, worldwide over-the-counter traded metal rather than one with genuinely separate regional pools.

For the Quarter Ending March 2026

Rhodium Prices Q1 2026:

• Germany: USD 412,600.00/KG
• United States: USD 410,700.00/KG
• China: USD 406,300.00/KG
• India: USD 405,400.00/KG

Rhodium Prices in Germany

German prices surged 39.0% in Q1 2026 to USD 412,600.00/KG from USD 296,800.00/KG in Q4 2025, capping an uninterrupted run of quarterly gains that began in early 2025.

Why did the price of Rhodium change in Q1 2026 in Germany?

Global rhodium prices rose strongly and steadily through the dataset, with the gains accelerating as the year progressed, driven by acute supply tightness from severely constrained primary mining supply owing to rhodium's unique co-production and dependence on platinum and palladium mining operations, plus robust demand from the automotive catalytic converter manufacturing sector fueled by escalating global automotive emission standards.

Rhodium Prices in the United States

US prices surged 39.0% in Q1 2026 to USD 410,700.00/KG from USD 295,400.00/KG in Q4 2025, tracking the broader extraordinary global surge.

Why did the price of Rhodium change in Q1 2026 in the United States?

Robust demand from the automotive catalytic converter manufacturing sector was a key driver of purchasing intensity, fueled by escalating global automotive emission standards and regulations that require higher rhodium loadings in three-way automotive catalysts to meet tightened nitrogen oxide reduction specifications.

Rhodium Prices in China

Chinese prices surged 39.0% in Q1 2026 to USD 406,300.00/KG from USD 292,200.00/KG in Q4 2025, tracking the broader global benchmark.

Why did the price of Rhodium change in Q1 2026 in China?

Increasing costs in upstream mining, smelting, and refining processes further added to rising costs for primary platinum group metal processors, while growing consumption in high-density data storage applications linked to expanding AI infrastructure and cloud computing adoption continued supporting demand.

Rhodium Prices in India

Indian prices surged 39.1% in Q1 2026 to USD 405,400.00/KG from USD 291,500.00/KG in Q4 2025, tracking the broader global benchmark.

Why did the price of Rhodium change in Q1 2026 in India?

There was no soft quarter in the period, a rare run of uninterrupted gains for any traded metal, with global annual output estimated at approximately 30 tons insufficient to meet accelerating demand from electronics, data storage, and automotive sectors.

Quarterly Rhodium Price Trends

Global Rhodium prices rose strongly and steadily through every quarter tracked in this report, with the gains accelerating as the year progressed, climbing from roughly USD 181,250.00/KG in Q1 2025 to USD 294,166.00/KG by Q4 2025 and then surging an extraordinary 39.0 percent further in Q1 2026, a rare run of uninterrupted gains for any traded metal driven by acute supply tightness and robust automotive and technology sector demand.

What was Rhodium Price in 2025?

Rhodium staged one of the most extraordinary rallies of any traded metal through 2025, with prices climbing more than 60 percent in every region tracked in this report as acute platinum group metal supply tightness combined with escalating automotive emission standards and growing AI-linked data storage demand, a structural rally that continued accelerating into 2026 rather than pausing.

Rhodium Prices in Germany in 2025

German prices surged from about USD 183,000.00/KG in Q1 2025 to USD 296,800.00/KG by Q4, a gain of roughly 62.2%, before the continued extraordinary climb that followed into 2026.

Rhodium Prices in the United States in 2025

US prices surged from about USD 182,000.00/KG in Q1 2025 to USD 295,400.00/KG by Q4, up roughly 62.3%, tracking the broader global rally through the year.

Rhodium Prices in China in 2025

Chinese prices surged from about USD 180,000.00/KG in Q1 2025 to USD 292,200.00/KG by Q4, a gain of roughly 62.3%, tracking growing AI-linked data storage demand.

Rhodium Prices in India in 2025

Indian prices surged from about USD 179,500.00/KG in Q1 2025 to USD 291,500.00/KG by Q4, up roughly 62.4%, the strongest annual increase of the four regions.

How We Can Help

Expert Market Research: Your Source for Real-Time Rhodium Price Intelligence

Expert Market Research tracks Rhodium prices continuously across every major producing and consuming region, combining platinum group metal byproduct availability data, automotive catalytic converter emissions standard signals, and AI-linked data storage demand trends into a single, regularly updated view of the market. Our team can help your procurement function benchmark current offers, plan purchases around the extraordinary rally covered in this report, and build a defensible view of where this scarce precious metal is headed next. Reach out to our team for a tailored briefing or a deeper look at any of the regional markets covered here.