Palladium (Pd) is a rare metal element, which is grey-white that belongs to the platinum group metals (PGMs). The metal has the lowest melting point and density among the PGMs. It is highly ductile and corrosion-resistant, which can form salt and other compounds when reacted with other chemicals. Commercially it is produced by refining nickel metal and has a melting and boiling point that measures around 1555° C and 2963° C, respectively.
Additionally, Palladium metal can absorb hydrogen to a great extent. It is reactive with acids and is the most reactive element in its group. It is used as a catalytic agent in several chemical reactions and is used to manufacture alloys on a large scale.
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Vietnam, India, and the United States are the key importing countries that import Palladium. On the other hand, the key exporting countries include Japan, Germany, and the United States.
Key Details About the Palladium Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Palladium price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Palladium Price chart, including India Palladium price, USA Palladium price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Palladium Price Trend:
The silvery-white rare metal element known as palladium belongs to the platinum group of metals and finds extensive use in various industrial and electronic applications. Its commercial significance is underscored by its pivotal role in manufacturing processes.
Palladium plays a crucial role in automobile catalytic converters, functioning as a catalyst to convert harmful gases into benign ones. Its applications extend to the manufacturing of electrodes, dental alloys, jewelry, and multilayer ceramic capacitors. Additionally, palladium is integral to electroplating processes and various chemical reactions, including petroleum cracking, hydrogenation, and dehydrogenation.
For those monitoring market trends, the Palladium Price Trend and Palladium Price Index offer insights into the fluctuating values of this valuable metal. Investors and analysts can track Palladium Prices through dynamic tools such as the Palladium Price Chart and Palladium Price Graph to make informed decisions.
Key Players:
- Norilsk Nickel Mining and Metallurgical Company
- Russian Platinum
- Johnson Matthey
- Heraeus Holding
- Shanxi Kaida Chemical Engineering Co., Ltd
- Anglo American Platinum Ltd
News Recent Development
- Date: July 18, 2022- Atomyze, Russia, launches its first legal digital asset backed by Palladium in collaboration with the local financial body, Rosbank.
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