Rhodium Prices Nearing 2008 Highs

Prices for Rhodium are climbing near 2008 all time highs (archived, archived). The brittle platinum group metal is primarily produced by South African and Russian operations while most trades typically involve producer to industrial user transactions without much of the "paper" market that flattens gold prices. This may be an early indicator that markets aren't inclined to value dollars like they used to. It could also suggest deep Afropessimism is setting in among Asian traders that may be stockpiling the material amid doubts South Africa can continue producing.

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