What is a rarity, rhodium makes the gold watch paper dollars: Last year, 114 ounces of gold were mined from a gram of rhodium second Deutsche Bank.However, just under $ 1,700 an ounce, rhodium is now cheaper gold. And 'far from its peak in June 2008, when the rhodium ordered more than $ 10,000. More importantly, rhodium is a cousin of platinum cut, falling by 31% this year, when the platinum is down to less than 10%.
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Rhodium is having car problems. More than three-quarters of the total demand for automotive catalysts (the comparable figure for platinum is about 35%). Interruption of supply chains caused Japanese automakers and tsunami persistent weak economy has hurt the West to demand. Erica Rannestad, commodities analyst at CPM Group consulting and investment banking, said rhodium consumption will increase by less than 5% this year against a 7% increase in supply.
At the same time, rhodium is a super-rarity limits its investment appeal. In relation to gold and platinum, rhodium market is small and illiquid, a value of only $ 1.2 billion in today's prices. Establishment of physically supported rhodium exchange traded fund in May attracted a rally soon. But the market value of about $ 10 million to limit its effects.
However, rhodium medium-term prospects are solid. At current prices, is on par with the virtual platform, compared to an average of 2.1 times since 1993. Rhodium is especially suitable for gasoline vehicles dominate the largest car markets outside Europe. As demand grows and global auto emission standards to further strengthen, so that excess rhodium built in recent years to work out. In 2013, the shortage should begin to reassert rhodium prices. Meanwhile, you can try to get some
