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Facts about: Palladium

  • Element (Pd, atomic number 46)
  • Platinum’s sister, poor man’s platinum
  • Chemical properties are similar to platinum, but much more reactive, widely used for catalysators (50% of world’s palladium supply); With ever stricter emission requests, its use will grow
  • Russia is the largest supplier (geopolitical risk with sanctions in Russia), and then South Africa (civil strikes)
  • Palladium is 30x rarer than gold
  • Palladium can absorb up to 900 times its own volume of hydrogen – the most common element in the universe and could be used for storing energy
  • Supply 2014 about 6.2M oz
  • In the late 1800s, palladium was more expensive than platinum;
  • Palladium is 12.6% harder and whiter in color than platinum;
  • Also used in jewellery
  • Palladium was the best performing precious metal in 2014
  • Palladium coins are only used for the last 60 years or so, but have rising numismatic interest

1oz-palladium-canadian-maple-leaf-coin-obverse 1 oz Palladium maple leaf (source europesilverbullion.com)

 

palladium_coin  Palladium Ballerina (source Wikipedia)

 

palladium_price_chart Kitco Palladium price chart


Categorised as: Investing

Posted by: Kramer



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