Rhodium
The most expensive of the precious metals, and almost all of it is in exhaust pipes.
Rhodium does one thing better than anything else: it reduces nitrogen oxides to nitrogen in a car's catalytic converter, in the presence of everything else an exhaust stream contains.
That single application consumes most of world production, and there is very little of it — rhodium is recovered as a minor fraction of platinum and nickel ores. When emissions standards tighten, demand rises against a supply that cannot respond, and the price has repeatedly exceeded gold's by a wide margin.
Uses
Rhodium is used almost entirely in catalytic converters, where it is uniquely effective at reducing nitrogen oxides to nitrogen. No cheaper substitute performs the same job as well, which is the reason its price has periodically exceeded gold's by a wide margin.
Its remaining uses are small and specialised: rhodium plating gives white gold jewellery its bright finish and protects silver from tarnish, and rhodium catalysts are used in the industrial synthesis of acetic acid and in hydroformylation.
How we know: checked recently · only one source, so there is nothing to cross-check it against · stated directly by the source.
How this connects
Where a connection has been confirmed by an outside reference, that reference is named beside it.
is used as
- Catalysis — application
is an alternative to
- Platinum — element · complementary rather than substitutable — they catalyse different halves of the reaction
is produced by
- Electrorefining — process · from the same slimes and the same platinum-group concentrate, and rarer in them than palladium by an order of magnitude
is used in
- Catalytic converter — object · a fraction of a gram, doing the nitrogen oxide reduction that neither of the others does well — and worth enough on its own to make converter theft organised crime
is produced at
- Bushveld Igneous Complex — place · as a co-product, and its price history is what a supply that cannot be expanded quickly looks like
Sources
- Material WorldOur own writing
- Wikimedia Foundation · Creative Commons CC0 1.0 Universal (public domain dedication)
- US National Library of Medicine · Mixed — aggregated third-party content, rights retained by depositors
- United States Department of Commerce · US Government work — public information, credit requested