By Anshika Verma23, Feb 2025 02:00 PMjagranjosh.com
What is the Most Expensive Metal?
Rhodium surpasses gold and platinumis & is the most expensive metal on Earth. Its extreme rarity and high demand make it a luxury in the industrial world.
What is Rhodium?
Rhodium is a shiny, silver-white metal which is known for its durability, resistance to corrosion and doesn’t tarnish.
Why is Rhodium So Pricey?
Platinum and nickel mining’s extracted byproduct is Rhodium. Its price is sky-high due to its limited supply.
Where is Rhodium Used?
It is used in jewelry, mirrors, high-tech electrical components, and catalytic converters for reducing pollution emissions from cars.
Where is Rhodium Found?
South Africa is the biggest supplier, followed by Russia and Canada.
How Much Does Rhodium Cost?
Rhodium’s price is incalculable but has reached over $20,000 per ounce, which makes it one of the most expensive metals.
Other Expensive Metals
Gold and platinum are known for their utility, while palladium is another expensive metal used in car manufacturing and electronics.