Palladium is produced as a by-product of platinum and nickel mining. Palladium is making its mark in the investment world. Its properties are similar to that of platinum, but the metal is more ductile and less expensive. South Africa and Russia are the biggest suppliers. Russia accounts for almost 50% of annual global palladium supply.
The biggest demand comes straight from the automotive industry, especially the fast-growing auto market in China, where palladium is used to make catalytic converters. The metal is an exceptional catalyst, as well as essential in making jewelry, watches, high-octane gasoline and fertilizer. Countries with a booming automotive industry, such as China and India, will continue to increase demand for Palladium and potentially push the metal to new highs.
Top Reasons to Invest in Palladium:
- Historically Low Price for Buyers
- Key Element in the Automotive Industry
- Steady Demand
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