Rhodium is a precious metal that is rarer than gold and platinum. It is mainly used in the automotive industry as a catalyst in catalytic converters, which help to reduce harmful emissions. Rhodium is also used in jewellery, electronics, and dentistry.
Rhodium is a very volatile investment, meaning that its price can fluctuate wildly. This is due to a number of factors, including the supply and demand for rhodium, the performance of the automotive industry, and geopolitical events.
Here are some of the pros and cons of investing in rhodium:
Rhodium precious metal is rare and valuable, so it has the potential to appreciate in value over time.
It is not as widely traded as gold or platinum, so it can be a good way to diversify your portfolio.
Rhodium is a physical asset, so it is not subject to inflation or other financial risks.
Rhodium is a volatile investment, so its price can fluctuate wildly.
It is a relatively illiquid investment, so it can be difficult to sell quickly if you need to.
Rhodium is used in a limited number of applications, so its demand is relatively low.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.