I have been watching the Rhodium price as well....it was talked about alot when the price of Rhodium went to about $10,000. It is currently climbing quickly lately, as is palladium.
With respect to the base metals....nobody has been doing any exploration for a very long time now...since the market crash of 2008. Inventories of all base metals have been on the decline for some time now....and still not much exploration work. We will reach a point...if the decline stays at this pace....within the next 6 - 18 months that people will begin to throw money at this sector again....to move existing projects forward and to discover new ones.
I believe....even with a slowing world economy....we will continue to deplete the inventories...although the timeline may move out another 6 months or so.
Looking forward for a repeat of 2006-2007