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The latest report titled “Rhodium Production Cost Report” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of the Rhodium.

Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.

Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Rhodium production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.

Procurement Resource Assessment of Rhodium Production Process:

1. Rhodium Production Cost From Extraction of the Rhodium Metal from the PGM Ore: This report provides a detailed analysis of Rhodium metal extraction from the PGM Ore. Rhodium is derived as a by-product of the platinum group of metals (PGM) refining. The production begins with the precipitation of the metal from the ore. The remaining residue gets treated with sodium bisulfate and then melted, which forms rhodium sulfate. The produced Rhodium sulphate is later treated with sodium hydroxide creating rhodium hydroxide. By adding hydrochloric acid to rhodium hydroxide, a purified acid solution of rhodium(H3RhCl6) is formed. In this solution, Sodium nitrite and ammonium chloride are added, leading to its precipitation. Finally, purified rhodium metal is formed when the rhodium precipitate gets dissolved and heated in hydrochloric acid, which is followed by burning that removes all impurities.

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Product Definition:

Rhodium (Rh) is one of the six PGMs (platinum group metals), which is known to be the most rare and valuable precious metal in the world. The metal is a transition metallic element with a silvery-white appearance. It is resistant to corrosion, hard and durable and is highly reflective. It is an unreactive element with the atomic number 45. It has a higher melting point and a lower density compared to platinum. It remains unaffected by water or air up to 600 C.

Market Drivers:

Rhodium is primarily used in the automobile sector as a catalytic converter, where it is used for reducing the amount of nitrogen oxide (NOx) gases that are released into the air, which propels the industry. It is used in many industries like jewellery, chemical and electrical trades. Usually, it is mixed with platinum and iridium as an alloy that is used to make products like high-temperature thermocouples, resistance wires, bearings, pen nibs, phonograph needles, furnace windings, electrodes for aircraft spark plugs, and electrical contacts, which furthers the market’s expansion. Also, it is employed for plating jewellery, searchlight reflectors etc., owing to its tarnish-resistant properties. In several end-user industries, it is also used as a catalyst, like in the BP-Monsanto process, which boosts market growth.

Key Questions Answered in the Rhodium Production Cost Report:

• What are the key drivers propelling the Rhodium market?
• What are the various processes used for Rhodium production?
• What are the raw materials required to produce Rhodium?
• What are the different operations units involved in the production of Rhodium?
• What are the manpower and utility requirements in the production process of Rhodium?
• What are the various costs engaged in the production of Rhodium?
• What are the construction costs involved in setting up a Rhodium production facility?
• What are the working capital requirements?
• What is the process of raw material procurement for Rhodium production?
• What is the time frame for Rhodium plant start-up?
• What is the pricing mechanism of Rhodium?

Browse More Production Cost Reports:

• Ricinoleic Acid Production Cost Reports – https://www.procurementresource.com/production-cost-report-store/ricinoleic-acid
• Rifampicin Production Cost Reports – https://www.procurementresource.com/production-cost-report-store/rifampicin
• Ruthenium Production Cost Reports – https://www.procurementresource.com/production-cost-report-store/ruthenium

About Us:

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.

Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.

We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.

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