Used in everything from dentistry to groundwater treatment, palladium is by far the most versatile metal investment. Only a little while ago, palladium was not nearly as popular as it is today, but due to the incredible economic growth in developing countries—especially China—this jack-of-all-trades metal is steadily growing in importance in the futures markets.
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Palladium Facts
Palladium futures can be used as a hedging tool for both producers and consumers of palladium alike. Palladium futures also offer advantages like central clearing and transparency of price among traders.
The top leader in palladium production is Russia, followed by South Africa, and North America. Palladium is part of the same metals group as platinum and they are considered to be alike. However, palladium is more common than platinum because it can also be produced via a derivative of nickel mining. Palladium is mainly used for production in the automobile industry, specifically for automotive catalysts. Palladium is also used in electronics.
Source: CME
Last updated May 2013.