Rhodium has been made available for investment in powder form by one metals company, it was confirmed yesterday (19th April).

Kitco Metals announced that it is selling its 'Rhodium Sponge' to individual consumers in plastic bottles containing 1 oz, 5 oz or 10 oz of the rarest precious metal.

The semi-opaque bottles, which are protected by a tamper-proof seal, provide information about the net weight, purity and serial number of their contents.

Bart Kitner, President of Kitco, explained that rhodium is likely to be in strong demand in the future, mainly due to new physical trading capabilities and a lack of supply.

"Everyone knows about gold and platinum," he said.

"Even palladium has gained favour among precious metals investors in recent times. But rhodium is only now coming into its own as an investment product."

Rhodium is a hard and chemically inert pgm which is found in platinum ores and is used most prolifically in the catalytic converters being included in today's automobiles.

It was discovered in 1803 by William Hyde Wollaston and also appears in nuclear reactor detectors in order to measure the neutron flux level.

Source:

Presenting a new-generation investment metal - Kitco Rhodium Sponge (19/04/10)

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