Last time rhodium was near $500/oz was 1998.Originally Posted by Chimp555
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Last time rhodium was near $500/oz was 1998.
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URANIUM??? I wish you a "bright" future and a long life!
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Cobalt was up again yesterday:
http://www.infomine.com/investment/m...cobalt/1-week/
What a coincidence, rhodium is up today?
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$2000 soon?
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Cobalt is up again today.
http://www.infomine.com/investment/metal-prices/cobalt/
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Good news!
http://www.platinum.matthey.com/docu...t_may_2017.pdf
Supply demand situation for the coming years looks very promising for higher prices...
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Comment from seeking alpha:
RHODIUM
I have also been bullish rhodium*((RH)). Rh is used in many of the same applications as Pd, and is mined from the same ores. So the fundamental situation is similar. Right now J-M has the market in a slight surplus...
Even though the market is in surplus, I feel that prospects are still good. Demand is going to rise along with Pd, and mine production will likely stagnate or fall. Since Rh is a pure byproduct of Pt/Pd, there is no clear way to increase supply. Moreover, with no futures market, hedging is difficult. For this reason, certain investors have been willingly accumulating the surplus. In the past, Rh has had extreme swings, greater than those of almost any other commodity. I’m betting we will have another one within a couple of years.
Recently there has been a*breakthrough*in the use of rhodium catalysts for the production of carbon-silicon materials. These are widely used materials, so this may (or may not) become a longer term factor.
seekingalpha.com/article/4084361-update-platinum-group-metals
Last edited by sandro1979; 06-28-2017 at 09:57 AM.
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I noticed for the past month the XRH0 share price has completely decoupled from the price of physical rhodium. Rhodium has only gone up steadily, while XRH0 is all over the place. I think this decoupling is a good thing for physical rhodium.
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Cobalt is up yet again
http://www.infomine.com/investment/m...obalt/1-month/
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"Rhodium remains at a high level; Quiet Ruthenium market; Iridium buying interest still persists
Rhodium remained remarkably stable over the entire week and continues to trade at a high level. Compared to platinum and palladium, rhodium is currently extremely robust. At present, support is coming from the investment side as well as from physical purchases from industry. The price is currently supported by a deteriorated liquidity situation which is also reflected in rising financing rates. Looking ahead, we expect no major change in the overall situation and thus continued stable prices."
https://www.heraeus.com/en/hpm/marke...t_reports.aspx
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