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• The five most expensive metals and where they are mined

Wednesday, March 11, 2020   (0 Comments)
Posted by: Matt Watson
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The five most expensive metals and where they are mined


Rhodium recently new high, trading above $13,000/Toz.  But what does the future hold for rhodium, and can any other mined material hold a candle to its status as the most expensive metal?


#1 Rhodium

#2 Palladium

#3 Gold

#4 Iridium

#5 Platinum


#1 Rhodium ... price surge 30+% this year. Rhodium previously peaked, and quickly crashed, in 2008 at more than $10,000 per troy ounce (Toz), but the metal is now trading above that 2008 high on the back of a swell in demand from the automotive industry.


#2 Palladium - Dieselgate scandal push EU towards gas/hybrids using high Pd loadings.


#3 Gold - Primarily used in jewelry, electronics and aerospace.  Of course investment driven as well.


#4 Iridium - Iridium annual production of just three tonnes. Iridium is nearly as dense as the densest metal osmium and the most corrosion-resistant metal element, resistant to air, water, salts and acids.


#5 Platinum – Auto Catalyst was  45% of the Pt sold in 2014 (now 36%), but In the wake of Dieselgate, platinum lost out to palladium, which performs better in petrol (gas) vehicles.


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