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Free market prices were indicated at $ 6,150/$6,250 an ounce on Friday, having climbed from last week's levels of $5,300/5,400.
Rhodium at $6 000 an ounce in Europe on Wednesday for the first time since January 1991, as supply tightness gripped the market, traders said.
"It is a fundamantally driven market – supply is tight, and the demand is consistent," one said.
"This rise is different from that spike – this is based on demand, such as plasma LCD (liquid crystal display)," another trader said. "Also, the South African mines cannot push out as much rhodium as they want or planned."
"With demand for rhodium growing by more than twice the rate of increase in supplies, the market moved to a deficit of 58 000 ounces," Johnson Matthey said in its yearly report.
Ruthenium was at $178/182 an ounce on Wednesday, the highest since 1984, having risen from just $40 at the start of 2004. Iridium price was at $390/410 an ounce on Wednesday, levels last seen in February 2002.