Concerns about supply constraints as a result of tough sanctions against top producer Russia fueled Palladium's rise to a more than seven-month high in European Markets in March 2022, while the Ukraine crisis and rising inflation boosted demand for safe-haven gold. Palladium spot prices increased 4.1 percent to $2,779.09 USD/oz, the highest level since mid-July, as automakers use it in catalytic converters to reduce pollution.
Procurement Resource provides latest prices of Palladium. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Palladium for several regions around the globe, which are as follows:
Palladium is a well-known chemical element which is a nickel group element atom, a platinum group metal atom as well as a metal allergen. Palladium is one of the rare and lustrous silvery-white metal. It has the lowest melting point and is the least dense of platinum group metals. The main use for Palladium is in catalytic converters for the automotive industry.
Palladium can be found in deposits alloyed with gold and other platinum-group metals, including nickel–copper deposits, and from there it is mined. Though at a commercial scale, its production starts from the residue of the production of another metal, generally nickel. Firstly, the residue is dissolved in aqua regia, that allows various metals present in it to form their nitrates. If silver is found to be present, then it is removed by forming silver chloride. When distinct types of elements are added to the mixture, all the elements get separated, thus, allowing manufacturers to extract Palladium.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).