Did the time to buy Rhodium pass?
Rhodium reached a 5-week high this week. We anticipate that once the price gets too high, auto-manufacturers and users of rhodium stop purchasing it, relying on their stock-piles instead, hence turning the market around due to high supply and low demand – sooner or later bringing the price down. Which in turn will open up new buying opportunities on a metal that’s expected to have a steady growth over the years, similar to what we’ve seen with palladium. For now, all we can do is wait and see.