World’s Most Precious Metal Surges 12 Fold In 4 Years On Supply Concerns
(Edited)
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The metal is rhodium.
This metal is 5 times more expensive than gold. There is right now more demand for rhodium because there is an increased demand in the auto industry for catalytic conductors due to the stricter regulations regarding emissions. There are also supply issues with the main producers which are Russia, Zimbabwe and South Africa.
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