Palladium Trading
Palladium is the most valuable of the four major precious metals, with an acute shortage driving prices to records in recent years.Palladium Trading Across Industries
Palladium is a key component in pollution-control devices for cars and trucks, the metal’s price has been on a increase, rising more than six times as much since early 2016. This increase has lifted it above the price of gold.
Palladium is the most valuable of the four major precious metals, with an acute shortage driving prices to records in recent years. The demand for Palladium has been on a steady increase for almost a decade. Usage is increasing as governments, especially tighten regulations to crack down on pollution from vehicles, forcing automakers to increase the amount of precious metal they consume. Electric cars do not burn fuel or have exhaust pipes therefore they will not need palladium. However the electrification of the majority of the world’s automotive fleet will take years. Palladiums use in hybrid vehicles is also a growing source of demand.
The majority of the world's palladium comes from Russia and South Africa. Most of it is extracted as a byproduct in the mining of other metals, usually platinum and nickel.
We can help source the palladium you desire at a competive price. Contact us through our precious metal enquiry form and we will get back to as soon as we can.Major Industrial uses of Palladium
Most of the industrial demand for palladium occurred after the 1970s when air quality laws required catalytic converters on automobiles. However other industries also use the precious metal such as dentistry and electronics.
Palladium is a rare element and occurs along with deposits of platinum, nickel, copper, silver and gold and is therefore obtained as a byproduct of mining these metals.
Other Precious Metal Types
Silver
If gold is the most well known precious metal, silver is easily second. Silver has more industrial uses than gold so it’s valuable as both currency and for its industrious properties.
Platinum
If there was a ranking on “preciousness” platinum could be considered the most precious of all the precious metals. It’s 15 times rarer than gold and its more ductile than gold, silver or copper.
Palladium
Related to platinum, both belonging to the elemental category called platinum-group metal or PGM. Palladium has some of the same uses as platinum especially with its use in catalytic converters.
Gold
Gold is the most well known precious metal for many reasons, but the most noteworthy is its strong ties to global economies throughout history. Used as currency in many countries globally for hundreds of years, makes it inherently valuable and can still be exchanged for fiat currency.