Provaluta Recycling SE
Recyc Commodities SE : Rhodium – the forgotten precious metal?!?
(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@recyc.info End of Media Release --------------------------------------------------------------------- Issuer: Recyc Commodities SE Key word(s): Enterprise 19.10.2012 Dissemination of a Press Release, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 189426 19.10.2012
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