Palladium price development

Palladium price development

Palladium is a chemical element with the element symbol Pd and the atomic number 46. The rare, silver-white transition metal, together with platinum, rhodium, ruthenium, iridium and osmium, forms the group of platinum metals, gray to silver-white metals with related chemical and physical properties. In the periodic table, palladium is in the 5th period and the 10th group or nickel group. It used to be classified in the 8th subgroup.

The metal was discovered in 1802 by William Hyde Wollaston, who was studying methods of processing platinum ores. He named it after the then just discovered asteroid Pallas, which at the time was thought to be a planet. The asteroid, in turn, was named after the epithet of the Greek goddess Athena.

In addition to platinum and rhodium, palladium is an economically important platinum metal and is used in large quantities for the production of three-way catalysts. It is also used in electronics, dentistry, fuel cells and many other areas, such as the jewelry industry, where it is alloyed with gold to form white gold. Extensive deposits have been found in South Africa in the Bushveld Complex, in the Stillwater Complex in Montana and in Ontario, Russia and the Philippines, where it occurs naturally as a companion to gold and platinum metals.

Palladium price development

Trade Team Forecast
Until mid-2018, the price of palladium rose slightly, but always upwards. From mid-2018 to February 2020, the price tripled. Since then the price has risen and fallen. It is currently going downhill. We do not recommend relying on the raw material at first.

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