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Because of its rarity and industrial application this silver white noble metal is the world s most expensive mineral Rhodium became popular as a result of its highly valued catalytic application in the automotive industry The largest supply of this mineral was found in 2024 in South Africa and Russia and its average price is $56 per gram

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The most expensive material on Earth is being created in an Oxford University lab priced at £100m per gram

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The metal is lithium The price has jumped from $3 a kilogram in 2024 to $10 in 2024 Most of the price increase can be attributed to demand for lithium ion batteries for portable electronics which has driven demand for lithium up 25% a year Gadgets like the iPhone are expected to continue to drive such growth in the future

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