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Palladium

CFD on the spot price of palladium (PA).

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of
Product Type: Metal CFD
Currency: USDMeasurement Unit: Troy Ounce
Full trading conditions >>

Description:

Palladium is a precious white metal which forms part of the platinum group of metals. It is one of the rarest metals on earth and is also known as a ‘noble metal’. It is used as a catalytic converter on vehicles and in the production of jewelry and utilized within electronic circuitry.

Interesting Facts:

  • Around 80% of the world’s palladium production comes from South Africa and Russia – with Russia accounting for almost half of the world’s production.
  • The fact that the palladium market depends so heavily on these two countries for production means that volatility in palladium prices is not unusual.
  • Some 75% of palladium demand is from the auto catalyst sector.