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World’s priciest precious metal set to blossom as shortage looms

Rhodium, world’s most expensive precious metal is set to get even pricier as a mining retreat in South Africa threatens a supply shortage. [Courtesy]

The world’s most expensive precious metal is set to get even pricier as a mining retreat in South Africa threatens a supply shortage.

Rhodium – a byproduct of platinum mining that’s used in the chemical sector and by the auto industry in catalytic converters – has more than trebled in value since the start of 2017.

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