Rhodium Anyone?

Rhodium up +500 today EST at 4:48 as I write. Anyone care to speculate? Holding on to any? Selling off? Curious mind awaits.

 

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I believe that the spike is related to the change in Presidential administrations - specifically, with the new Administration's focus on green energy & reduction of fossil fuel emissions - rhodium is used in catalytic convertors for automobiles:

https://www.cnbc.com/2020/01/13/the-hottest-trade-of-2020-is-rhodium.html

As for futures? I will let more experienced investors/gamblers take that question!

 

I have 2 old cat converters behind the shed - time to scrap em I guess.

 

Might be worth it, not sure.
Catalytic converters contain platinum, rhodium and palladium.
In order to get the most money these have to be separated.
If you do. Let us know how much you got from them.

 

LOL! Apparently somebody's found a way to turn it into Bitcoin...

 

A problem we're facing here in Calif. is thieves are stealing peoples catalytic converters. They go around at night and jack up a car and cut them out quick.

 

I have heard of that here in CO. not lately, but I imagine that it happens.