Palladium: Uses, History, Import, Export, Online Palladium Trading
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Palladium Home » Palladium
History

Palladium is a rare and lustrous silvery-white metal that was discovered in 1803 by William Hyde Wollaston, who named it palladium after the asteroid Pallas, which in turn, was named after the epithet of the Greek goddess Athena, acquired by her when she slew the giant Pallas.

Characteristic

Like platinum, palladium has excellent catalytic properties and is often used as catalyst, such as in catalytic converters on automobiles, organic chemistry, and other coupling reactions. Palladium also has a special affinity for hydrogen and is capable of absorbing up to 900 times its own volume of the gas. This affinity for hydrogen led it to play an essential role in the 1989 Fleischmann-Pons cold fusion experiment.

Uses

Like platinum, palladium is used in pollution control, chemical processing and in electronics. Unlike platinum, its use in jewelry is mainly as a hardening agent in platinum alloy . Pure palladium is seldom seen in jewelry; despite efforts to promote the metal as a viable alternative to platinum. The major application of the palladium are auto catalysts, electronics, dentistry and chemical processing.

Export and Import

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.
Substantially higher demand was seen in Asia, with auto makers in Japan, China and South Korea all increasing their use of the metal. These gains, however, were largely offset by lower demand in Europe and North America.

Why trade palladium through NDEX:

Contract size: Regular (2,000 gm)
Low transaction cost: Fixed spread of NPR 1.00 per 10 Grams
Generous leverage: On all products that are clearly detailed on the trade.
Initial margin: Rs.75000 (Regular)
Hedging capability: Can take long or short position from same account
Months: Feb, Mar, Apr, May, Sep
Season: Early Spring

Trading time:

Daily Open Time 3:45:00 AM
Daily Close Time 2:59:59 AM

Conclusion

Palladium is one of the three most popular metals used to alloy with gold, making white gold. Palladium-gold is a more expensive alloy than nickel-gold, but it's naturally hypoallergenic and holds its white color better.
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