10Rhodium has been on a real tear the past few weeks. In the last six months, it has gained over 150%, rebounding rapidly from its lowest values seen since 2004. Rhodium is very sensitive to global economic activity, as its main use is as a rare industrial commodity for automotive and industrial catalysts. Only 25-50 tons are produced per year worldwide. AP includes the price of Rhodium as part of the calculation for our AP-PM Precious Metals recession indicator. Shown below are the 5-year and 25-year price charts for Rhodium. Is this due to a short-term shortage of material or a longer-term upswing in demand? Stay up to date with our Precious Metals Indicator and how it changes throughout an economic cycle.