The price of rhodium reaches an 11-year high
Used to curb emissions from car exhausts, the metal is six times pricier than gold
WHEN ANNA SCOTT left her Honda Jazz in a commuters’ car park outside Oxford on January 10th, she had little reason to think that criminals would take an interest in the 12-year-old car. Yet the next afternoon a group of shifty characters were spotted sawing off its catalytic converter. Such incidents have become increasingly frequent across Britain as prices for palladium and rhodium, precious metals contained in the devices, have rocketed. The price of rhodium has leapt by 55% in the first three weeks of January alone, to $9,850. There is no telling when it will fall back to earth.
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