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Which metal is the most expensive?

MaterialsEconomics

Quick Answer

Rhodium is usually the most expensive precious metal, often priced well above gold and platinum.

The Full Story

Rhodium is generally the most expensive precious metal traded, at times reaching over 25,000 US dollars per ounce — far above gold. It is extremely rare, mostly recovered as a by-product of platinum and nickel mining, and its main use is in catalytic converters that clean vehicle exhaust, which makes its price highly sensitive to the car industry. Other members of the platinum group, such as palladium, iridium and platinum itself, are also very valuable. If radioactive and synthetic elements are included, substances like californium-252 cost tens of millions of dollars per gram, but these are laboratory products rather than tradable metals.

Key Facts

1.Rhodium has at times exceeded 25,000 US dollars per ounce.
2.Its main use is in catalytic converters.
3.It is recovered mostly as a by-product of platinum and nickel mining.

YouTube Angle

Suggested video title for this topic:

"Rhodium — The Metal Worth More Than Gold You Have Never Heard Of"