Market Data
Price
$ 1,352.00
Ask
$1,392.00
24h Change
-1.39%
About Palladium
Palladium is primarily an industrial metal used in gasoline vehicle catalytic converters. Its price is heavily influenced by automotive industry demand and supply from Russia and South Africa.
- Chemical symbol Pd, named after the asteroid Pallas
- Atomic number 46, lightest of the platinum group metals
- ~80% of demand comes from catalytic converters in gasoline vehicles
- Russia produces ~40% of world supply, South Africa ~35%
- One of the rarest metals — annual production is ~210 tonnes