• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 6 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 13 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 15 minutes Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 52 mins Wonders of Shale- Gas,bringing investments and jobs to the US
  • 59 mins Rural and Conservative: Polish Towns Go 'LGBT free' Ahead Of Bitter European Election Campaign
  • 39 mins Trump bogged down in Mideast quagmire. US spent $Trillions, lost Thousands of lives, and lost goodwill. FOR WHAT? US interests ? WHAT INTEREST ? To get Jared (Frisch School 2.8 GPA) a Mideast win with peace deal ? China greatest threat next 50 years.
  • 1 min Why is Strait of Hormuz the World's Most Important Oil Artery
  • 5 hours IMO2020 To scrub or not to scrub
  • 6 hours Compensation For A Trade War: Argentina’s Financial Crisis Creates An Opportunity For China
  • 4 hours California's Oil Industry Collapses Despite Shale Boom
  • 1 hour Knock-Knock: Aircraft Carrier Seen As Barometer Of Tensions With Iran
  • 6 hours China Downplays Chances For Trade Talks While U.S. Plays ‘Little Tricks’
  • 8 hours Greenpeace Blocks BP HQ
  • 6 hours Devastating Sanctions: Iran and Venezuela hurting
  • 3 hours Global Warming Making The Rich Richer
  • 57 mins "We cannot be relying on fossil fuels to burn as an energy source at all in our country" - Canadian NDP Political Leader
Alt Text

Vanadium Spikes On New Chinese Regulations

A new regulatory measure in…

Alt Text

Miners Are Looking To Ramp Up Lithium Production

Lithium prices have withstood all…

Alt Text

Lithium Plunging As Chinese EV Production Slows

China’s electric car subsidy changes,…

Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Trending Discussions

Commodity Investors Now Turning their Attention to Rhodium

When I was at the Hard Asset Investment Conference in New York a few weeks ago, every hour someone would stop by my table, mention the word "rhodium", and walk away.

My interest piqued, I decided to look into this mysterious metal. Rhodium (Rh) is in fact the rarest precious metal in the world, and is also the most valuable.

The white metal is used primarily as a catalytic convertor by the auto industry as a much more efficient alternative to platinum and palladium. It is also used in jewelry, the plating of mirrors, and in neutron flux monitors in nuclear power reactors.

South Africa produces 80% of the world's meager 25 metric tonne annual supply, and therein lies the angle.

Rolling power shortages in the country has lead to the same intermittent mining stoppages that have affected the other metals. On the demand side, you can count on a US auto industry that is boosting production from 9.5 million units to 15 million units over the next five years to maintain a firm bid.

As a result, rhodium has nearly tripled in the past six months to $2,500/ounce, but is still well shy of its $10,000 record high.

Rhodium Price

Rhodium is not exactly easy to buy. There are no futures contracts, and most of the physical production is tied up in long term contracts. Since the metal is so unbelievably hard, it is difficult to work with, and only one company, the Cohen Mint, is offering .999 fine coins and bars (Website: http://www.goldfortomorrow.com/ ). 

But expect to pay a hefty spread over spot, up to 20%, that is standard for a single source supplier.

A more liquid option can be found through buying the shares of the largest rhodium miners, which often appears alongside platinum, like Anglo American (AAUKY.PK), North American Palladium (PAL), or Stillwater Mining (SWC). And don't tell anyone I told you.

 

By. Mad Hedge Fund Trader

 




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News