Palladium is a precious metal commodity, primarily used in catalytic converters for vehicles and in electronics. It is traded on global commodity exchanges.
Description: Palladium is a rare, silvery-white precious metal belonging to the platinum group metals (PGMs). It is primarily mined in Russia, South Africa, and North America. The metal's main industrial use is in catalytic converters for gasoline-powered vehicles, where it helps reduce harmful emissions. It is also used in electronics, dentistry, jewelry, and chemical applications. Palladium prices are influenced by automotive demand, supply constraints, and macroeconomic factors. It is traded on exchanges such as the New York Mercantile Exchange (NYMEX) and the London Platinum and Palladium Market (LPPM).
