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Palladium Price Trend

Concerns about supply constraints as a result of tough sanctions against top producer Russia fueled palladium price 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.

With fewer South African supplies and downside risks to Russian shipments, the palladium market could go back into deficit in 2022. Weak vehicle output and cost-cutting programmes by auto and industrial consumers will limit demand growth. High prices have resulted in major cost-cutting by Chinese automakers and greater palladium replacement for platinum in gasoline autocatalysts.  During the first four months of 2022, palladium prices remained robust, with prices reaching an all-time high of almost 3,300 USD in March as supply fears grew.

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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.

Chart Description: 

Procurement Resource provides prices of Palladium for several regions around the globe, which are as follows:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

About Palladium:

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.

Chemcial Formula:

  • Pd

Molecular Weight:

  • 106.4 g/mol

Synonyms:

  • 7440-05-3
  • Palladium on carbon
  • Palladium Black
  • paladio

Industrial Uses: 

  • Catalytic reactions
  • Hydrogenation of unsaturated hydrocarbons
  • Jewellery
  • Dental fillings
  • Electronics and technoogy
  • Crowns
  • Catalytic converter
  • Automotive industry

Production Process:

  • Production of Palladium via Extraction

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. 

Supplier Database:

  • Norilsk Nickel Mining and Metallurgical Company
  • Russian Platinum
  • Johnson Matthey
  • Heraeus Holding
  • Shanxi Kaida Chemical Engineering Co., Ltd
  • Anglo American Platinum Ltd

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Methodology:

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).

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