Rhodium prices continued to rise this week on buying by investment banks on behalf of industrial consumers and improved market sentiment.
The Platts New York Dealer rhodium price range on Friday rose to $975-1,015/oz from $950-995/oz last week.
Some trade sources credited the buying to improving overall sentiment among market players in precious metals, with platinum having gained nearly 7% since August 6 and palladium nearly 5%.
