What is the most expensive metal on Earth

                                                     The most expensive metal

   

What is the most expensive metal on Earth?

When you think of the word "precious metal," gold often comes to mind. However, it's not the most expensive metal on Earth, nor is it platinum. The most expensive metal on our planet is rhodium.

This metal is extremely rare and more valuable than any other metal on Earth. It plays an important role in protecting the environment and is used in many industries.

How much is a gram of rhodium today?

Rhodium is the most expensive metal in the world, according to the latest metal prices for the current year (2025). Rhodium trades at an average of $4,500 per ounce, and the price sometimes rises even higher depending on supply disruptions, according to Kitco Metals data.

Despite the rise in gold prices, which have surpassed the $3,000 mark per ounce, rhodium remains the most expensive to date. There are other precious metals, such as platinum and palladium, which are used in many industries.

Why is rhodium the most expensive metal on Earth?

Although rhodium looks like a shiny, silvery-white metal, so reflective it can be used as a rearview mirror, its true power lies in protecting the environment.

About 80 percent of all rhodium produced is used in catalytic converters, essential components in car exhaust systems that convert toxic gases like nitrogen oxides into cleaner emissions like nitrogen and water vapor.

In a world plagued by climate change and tightening emissions regulations, demand for rhodium has soared. Since rhodium is an extremely rare metal—about 100 times rarer than gold—its value rises dramatically as environmental regulations become more stringent.

Where does rhodium come from?

Rhodium's uniqueness lies not only in its rarity but also in its location. Nearly 80 percent of global rhodium production comes from South Africa, specifically from the Bushveld igneous complex, one of the richest mineral reserves on Earth.

Other small producers include Russia (which accounts for about 12 percent) and a small number of mining operations in Canada and Zimbabwe. However, overall, the global supply chain is highly concentrated, making the market vulnerable to price fluctuations resulting from political or economic instability in these regions.

The Most Expensive Metals on Earth

While rhodium tops the list of precious metals, it's not the only one. There are several other extremely valuable metals, most notably: Iridium: The densest element on Earth, often used in electrical connectors and even in space exploration technologies, fetching around $4,000 per ounce.

 Osmium: An extremely dense, silvery-blue metal used in luxury fountain pens and surgical implants, osmium's price ranges around $1,200 per ounce.

Palladium: Another important metal in catalytic converters and electronics, although it's less rare than rhodium. Gold: Gold remains the undisputed king when it comes to symbolism, luxury, and financial security, making it a timeless investment.