Recyc Commodities SE : Rhodium - the forgotten precious metal?!?
(firmenpresse) - (DGAP-Media / 19.10.2012 / 12:14)
Karlsruhe, October 19, 2012 - The number of those who view the relatively
rare precious metal Rhodium as an investment opportunity remains modest.
Rhodium belongs along with platinum and palladium to the platinum group of
metals. It is a very hard, shiny, silver white metal that has become
indispensable for the automobile, as well as the high tech and chemical
industries. Rhodium is mined almost exclusively in South Africa as a
byproduct of platinum and palladium extraction.
Industry without Rhodium? Impossible!
Due to the rarity of Rhodium, it is inconceivable that it could replace
platinum or palladium, but when used as an alloy, it enhances the desired
characteristics of both platinum metals enormously. It increases the
strength of the platinum metals due to its much higher melting point; is an
extremely good heat conductor, and has extremely strong reflective
properties, which altogether make Rhodium indispensable as an industrial
resource.
Highly sensitive laboratory equipment, airplane engines, and thermocouples
all require rhodium for their production, and last but not least, it is an
irreplaceable component in the automobile industry for the production of
catalytic converters.
A thin and volatile market
Four years ago we witnessed what dramatic effects the smallest changes in
the supply and demand could have on the market price. In 2008, South
African rhodium production was reduced by less than 20 % which resulted in
rhodium advancing to become the most expensive precious metal on the
market. The bull market run started by Rhodium five years prior to this,
finally came to an end at a price of around 10,000 USD per ounce. Today one
can purchase an ounce of rhodium for less than 1,250 USD. As a result, the
metal is a lot cheaper than gold - bargain basement levels!
It should also be noted that, the new Euro-6 car emission standards that
are to become effective for all new gasoline motor passenger cars from
September 2014 onwards will more than likely heat up the demand for rhodium
on the part of the automobile industry.
100 times rarer than Gold!
Despite all this the market seems to be ignoring this precious metal. Since
its peak mid-2008, rhodium has performed markedly worse than gold and
silver. The reasons for this have little to do with industrial demand.
There aren't many vehicles for investors to use when investing in this
metal, and as a result the demand from funds, asset managers, and investors
is lacking. They alternatively invest their funds in gold, silver, and
platinum. Improvement here is in sight.
Price target 6 months 3.000 USD per ounce
About Recyc Commodities SE
The Recyc Commodities SE finances potential high growth companies in the
recycling industry, in their early and expansion phases. The financial
holdings are concentrated on innovative firms situated for the most part in
Germany. Recyc Commodities invests in partnerships as well as in exchange
listed corporations. In exceptional cases, Recyc Commodities is also
prepared to take over the management functions for certain specially picked
companies and/or service providers in the recycling- and raw materials
business.
Further information about Recyc Commodities SE can be found in the internet
under http://recyc.info/
Recyc Commodities SE
Herrenstraße 9
76133 Karlsruhe
Germany
P.: +49 (0)721 94 880 0
F.: +49 (0)721 94 88011
E.: recyc(at)recyc.info
End of Media Release
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Issuer: Recyc Commodities SE
Key word(s): Enterprise
19.10.2012 Dissemination of a Press Release, transmitted by DGAP - a
company of EquityStory AG.
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189426 19.10.2012
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