XPD – Palladium

Palladium is a chemical element discovered in 1803. A similar element in constitution to platinum, palladium is one of the rarest metals, and mostly used for industrial and electronic purposes, mainly in catalytic converters in automobiles, which limit the harm of exhaust gases. Palladium is mined in Russia, South Africa, Canada and the United States, and is often exchange traded due its practical use and rarity. Palladium has an atomic number of 46 and market code of XPD.

XPD/USD Chart

Past Performance: Past Performance is not an indicator of future results.

Production of Palladium

Nearly half of the world's palladium comes from Russia, some 200,000 ounces per year.[1] Because palladium plays a significant role in the auto industry, concerns over decreased exports contribute to volatility in the precious metals market. As of 2012, the auto industry claims some 3 million ounces per year of palladium.((http://www.futuresmag.com/2013/05/02/are-palladium-stockpiles-running-out Retrieved 12 March 2015.))
Palladium is mostly recovered in:

  • Norilsk Complex, Russia
  • Bushveld Igneous Complex, South Africa
  • Stillwater Complex, Montana, US
  • Thunder Bay District, Ontario, CA

Russia and South Africa produce 80% of the world's supply of palladium.[2] Palladium is also recycled; a catalytic converter uses roughly 1/20 an ounce of palladium.

Price of Palladium

The price of palladium is often volatile. With a booming auto industry in China and Russia's stockpile a state secret, palladium pricing can quickly shift. Palladium pushed to a high in January 2007, at $1,100 per ounce.[3]

As an investment, palladium can be purchased in physical forms (bars, coins), through futures (via NYMEX) and through ETFs.

Any opinions, news, research, analyses, prices, other information, or links to third-party sites are provided as general market commentary and do not constitute investment advice. FXCM will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

Russell Shor

Senior Market Specialist

Russell Shor joined FXCM in October 2017 as a Senior Market Specialist. He is a certified FMVA® and has an Honours Degree in Economics from the University of South Africa. Russell is a full member of the Society of Technical Analysts in the United Kingdom. With over 20 years of financial markets experience, his analysis is of a high standard and quality.

References

1

Retrieved 12 Mar 2015 http://www.investopedia.com/articles/fundamental-analysis/12/a-primer-on-palladium.asp

2

Retrieved 12 Mar 2015 http://www.futuresmag.com/2013/05/02/are-palladium-stockpiles-running-out

3

Retrieved 12 Mar 2015 http://www.infomine.com/investment/metal-prices/palladium/all/

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