PALLADIUM PD46

Is very rare, economically important.

Palladium is very rare, economically important and used in large quantities for the manufacture of three-way catalytic converters. It is also used in electronics, dentistry, fuel cells and many other areas, e.g. B. in the jewelery industry, where it is alloyed with gold to produce white gold.

Palladium was from William Hyde Wollaston discovered.

Special features: value concentration
Application areas:Automotive catalytic converters, electronics and electrical engineering, dentistry, others
Future Technologies:Miniaturized condensers, seawater desalination

PROPERTIES

VALUE

item category

precious metals

thermal conductivity

10.2 10⁶ kg/m³

electric conductivity

71.8 bpm

density

12,023 kg/m³

melting point

1.828°C

3.236°C

boiling point

The jewelery industry, the largest demand sector alongside the automotive industry, processes the precious metal platinum for particularly high-quality and exclusive jewellery. The technical properties of platinum make it difficult or even impossible to substitute in many areas of application. The most important technical application: platinum has high catalytic properties, so that the precious metal ensures clean air in the automotive industry as a component of catalytic converters. Platinum is also in demand in industry for the manufacture of fuel cells.

Palladium has similar chemical properties to platinum and is therefore also referred to as platinum's little brother. It is one of the four most important precious metals in the commodity market. The precious metal is very rare and shines silvery white.

Palladium is a rare and valuable precious metal used mainly in the automotive industry for the production of catalytic converters. The price of palladium can be influenced by various factors, including economic conditions, geopolitical events, and supply and demand dynamics. Below are some trends that have affected the price of palladium in the past: Industrial demand: most of the world's palladium supply is used to manufacture catalytic converters for gasoline-powered vehicles. Therefore, demand for palladium is highly correlated to the performance of the automotive industry. When demand for automobiles is high, demand for palladium can also increase, which can drive up its price. Economic Conditions: Similar to other precious metals, palladium is considered a safe haven that can be used as a hedge against inflation and economic uncertainty. When investors are concerned about market volatility, they may turn to palladium, which can drive up its price. Supply Dynamics: Palladium is mined primarily in Russia and South Africa, making the palladium price very sensitive to supply disruptions such as mining strikes, political instability, or supply chain disruptions. A decrease in palladium supply can drive prices up, while an increase in supply can drive prices down. Geopolitical Events: Like other precious metals, the price of palladium can be affected by geopolitical events such as wars, sanctions, or political instability. Overall, the palladium price is subject to a variety of complex and intertwined factors, and its movement is difficult to predict in the short term. However, investors and analysts often look to economic indicators, industrial demand and supply dynamics for insight into the future development of the palladium price.