Palladium is a chemical element with symbol Pd and atomic number 46. A rare silver-white transition metal of the platinum group, palladium resembles platinum chemically and is extracted from some copper and nickel ores.
Palladium is the other major metal of the platinum group. It is mined with platinum, and resembles it in many respects, yet there are important differences between the two metals. Palladium is also produced as a by-product of nickel mining. Russia supplies about 67% of production, South Africa, 23%; and North America, 8%. Annual production runs approximately 8.1 million ounces.
Automotive catalysts are the largest consuming sector, accounting for 63% of demand. Electronic equipment accounts for 21%; dental alloys, 12%; and jewelry, 4%.
Trading Unit: 100 troy ounces.