Prices
No single exchange-settled price exists for rhodium. Trade settles over-the-counter against benchmarks published by independent price-reporting agencies. We do not republish those numbers — consult the publishers directly:
Johnson Matthey PGM Prices ↗
Base prices for platinum-group metals, set twice daily by Johnson Matthey traders.
LPPM — London Platinum and Palladium Market ↗
Industry body for PGM market participants — fixings via member-firm panel.
Heraeus PGM Trading Market Report ↗
Weekly PGM market commentary and fundamentals.
USGS Mineral Commodity Summaries 2026 ↗
Annual U.S. Geological Survey reference — production, reserves, prices, and trade statistics for rhodium.
About Rhodium
Editorial overviewWhat is rhodium?
Rhodium (Rh, atomic number 45) is a very rare platinum-group metal, valued for its high melting point, corrosion resistance, and catalytic performance. It is a precious transition metal used mainly in autocatalysts and a smaller set of industrial applications.
How rhodium is priced
No regulated futures or exchange-listed contract exists for rhodium anywhere in the world. Public daily reference prices come from three private producers/refiners that quote bid/ask spot prices on their own websites: Johnson Matthey (London), Heraeus (Hanau, Germany) and Anglo American Platinum (Johannesburg). Fastmarkets publishes a daily rhodium bid/ask assessment based on producer and dealer surveys.
Where rhodium comes from
Rhodium is mined almost entirely as a byproduct of platinum-group-metal operations, with South Africa the dominant source and smaller output from Russia, Zimbabwe, and North America according to Johnson Matthey’s 2026 PGM market report. The report’s rhodium supply table shows South Africa at 557 thousand oz of 2026 primary supply, Russia at 55 thousand oz, Zimbabwe at 43 thousand oz, and North America at 19 thousand oz. (Johnson Matthey PGM Market Report 2026) Full breakdown in the production and reserves sections.
Who produces rhodium
Leading rhodium-producing companies include Anglo American Platinum and Impala Platinum in South Africa, Sibanye-Stillwater at Marikana in South Africa, and Norilsk Nickel in Russia, all of which are major PGM miners and refiners. Johnson Matthey’s 2026 market report attributes most primary rhodium supply to South Africa and Russia, consistent with these producers’ regional footprint. (Johnson Matthey PGM Market Report 2026) Full list of producers below.
What rhodium is used for
Rhodium demand is overwhelmingly automotive: Johnson Matthey says autocatalysts account for 85% to 95% of annual consumption over the last decade, and its 2026 report shows automotive demand at 856 thousand oz in 2026, or about 85% of the 1,005 thousand oz total. Glassmaking is the second meaningful outlet in the report at 38 thousand oz in 2026, while chemicals account for 88 thousand oz. (Johnson Matthey PGM Market Report 2026, Johnson Matthey press release)
Key facts about rhodium supply
- Johnson Matthey’s 2026 PGM market report puts rhodium primary supply at 681 thousand oz in 2026, down from 701 thousand oz in 2025. (Johnson Matthey PGM Market Report 2026)
- The same report shows total rhodium demand at 1,005 thousand oz in 2026 versus 1,020 thousand oz total supply, implying a small surplus of 15 thousand oz. (Johnson Matthey PGM Market Report 2026)
- South Africa supplied 557 thousand oz of primary rhodium in 2026, far ahead of Russia’s 55 thousand oz and Zimbabwe’s 43 thousand oz. (Johnson Matthey PGM Market Report 2026)
- Secondary rhodium supply was forecast at 339 thousand oz in 2026, and Johnson Matthey says this is open-loop automotive recycling. (Johnson Matthey PGM Market Report 2026)
- Johnson Matthey says rhodium consumption in autocatalysts has accounted for 85% to 95% of annual use over the last ten years, showing the metal’s extreme dependence on vehicle emissions control. (Johnson Matthey PGM Market Report 2026, Johnson Matthey press release)
Sources: Johnson Matthey PGM Market Report 2026, Johnson Matthey press release
Mine Production by Country
Source: USGS MCS 2026Per-country production data not published by USGS
USGS Mineral Commodity Summaries 2026 does not publish per-country production or reserves data specifically for Rhodium. USGS reports only platinum and palladium broken out by country; rhodium, ruthenium, iridium, and osmium are reported only as part of the combined PGM group (six platinum-group metals). For the consolidated PGM-group table, see the PGM (Platinum Group Metals) page.
Source: USGS MCS 2026
Major Producers (10)
Ranked by latest disclosed total PGM production (4E or 6E basis)Companies ranked by most recently disclosed annual platinum-group metals production (thousand troy ounces). Each card links to the primary source (annual report, production report, or exchange filing). "Not disclosed" means the company does not publish metal-specific tonnage — common for private Chinese/state-owned groups and pre-production projects.
South Africa
IMP
3,550
koz PGM
FY2025
South Africa
AMS
3,412
koz PGM
FY2025
South Africa / United States
SSW
2,165
koz PGM
FY2024
Zimbabwe
ZIM
646
koz PGM
FY2024
Canada
GLEN
116
koz PGM
FY2025
South Africa
ARI
Undisclosed Output
Not disclosed
FY2025
Key mines: Modikwa (41.5% ARM), Two Rivers (54% ARM), Bokoni (100% ARM); ~616 koz 6E (100% basis FY25), attributable undisclosed in primary reports.
Russia
GMKN
Undisclosed Output
Not disclosed
FY2024
Primary operations at Talnakh and Norilsk sites on Taimyr Peninsula; reports Pd 2762 koz and Pt 667 koz separately, no combined 4E/6E PGM total found in primary sources.
United States
SSW
Latest News
All metals news →No recent news for this metal. Visit the Hub news section for all metals news.
Frequently Asked Questions
Auto-generated from primary-source dataWho are the largest global producers of rhodium?
Among 780+ producers tracked on TSM Hub, the largest disclosed rhodium producers include Impala Platinum Holdings (Implats) (South Africa), Anglo American Platinum (Amplats / Valterra Platinum) (South Africa), Sibanye-Stillwater (South Africa / United States). Some operating rhodium producers do not publish metal-specific tonnage — such as African Rainbow Minerals (ARM) — Two Rivers Platinum Mine (South Africa), Nornickel (MMC Norilsk Nickel) (Russia) — and are listed with an “Undisclosed Output” badge instead of a rank, in line with our principle of never inventing numbers absent from primary sources. Full ranking with primary-source links is available in the producers section.
What is the primary source for rhodium production and reserves data?
Country-level rhodium production and reserves figures on TSM Hub are sourced directly from the USGS Mineral Commodity Summaries 2026, the U.S. Geological Survey's authoritative annual reference. Company-level production figures come from each producer's official annual report, production report, or regulated exchange filing.