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Expand chart
Data: FactSet; Chart: Axios Visuals

The price of rhodium, a metal used in fine jewelry and car parts, has skyrocketed over the last few months. It has jumped by more than 50% in just the first three weeks of January, reaching a price more than six times that of gold and the highest since late 2008, FactSet data show.

What's happening: "Surging demand from carmakers is partly to blame," the Economist writes. "More than four-fifths of global demand for both rhodium and palladium comes from the automotive industry. The metals, together with platinum, help convert toxic gases in a vehicle’s exhaust system (such as carbon monoxide) into less harmful substances before they exit the tailpipe."

Go deeper: Another twist in the U.S.-China battle over rare earths

Go deeper

Updated 5 mins ago - Economy & Business

Americans are super-sizing their holiday travel

Illustration: Sarah Grillo/Axios

Americans are rushing back into holiday travel, and many are taking even longer trips now than they did before the pandemic began.

The big picture: After skipping Thanksgiving and Christmas gatherings last year, many people are eager to maximize this year's celebrations with friends and family. And flexible remote working arrangements make that easier than ever.

Updated 6 mins ago - Energy & Environment

Pity the "green" car buyer

Expand chart
Data: IHS Markit Data; Note: Chart: Thomas Oide/Axios

Americans are more open than ever to trading in their gas cars for electrified vehicles — but they're flummoxed by the confusing array of green options arriving in showrooms.

Why it matters: Getting up to speed on the differences among hybrids, plug-in hybrids and battery-electric vehicles will be a challenge for car buyers — and salespeople, too — as we transition away from gas-powered vehicles over the next decade.

Updated 6 mins ago - Technology

America's attention recession

Illustration: Sarah Grillo/Axios

New data shows that there's been a pullback from the historically high levels of media audience growth — and in some cases consumption — during 2020, pointing to signs of a slight "attention recession" in the past few months.

The big picture: The COVID-19 pandemic drove a once-in-a-lifetime surge in the attention economy online, but the gradual return of normal life in many places — along with media overload and exhaustion — has down-shifted consumption patterns.

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