The World’s Most Precious Metal Leaves Everything Else in the Dust
- Rhodium extends multiyear surge, jumping 31% so far this month
- Stricter emissions rules have boosted demand from auto sector
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Palladium’s great start to the year pales in comparison to its lesser known, but much more expensive sister metal, rhodium.
Rhodium -- mainly used in autocatalysts and five times more costly than gold -- surged 31% already this month, touching the highest since 2008. Stricter emissions rules have fueled a multiyear rally and there’s speculation that investors are also jumping in, betting that prices will climb toward a record.