was discovered in 1803 by William Hyde Wollaston, who named it after the Asteroid Pallas, named after the epithet of the Greek
In English, since around 1600, the word palladium has been used figuratively
to mean anything believed to provide protection or safety, and in particular in
Christian contexts a sacred relic or icon believed to have a protective role in
military contexts for a whole city, people or nation. Palladia were processed
around the walls of besieged cities and sometimes carried into battle.
in the United States, the Constitution has sometimes been referred to as the
"Palladium of Liberty" or the "Palladium of the Republic" as
guarantor of civil liberties.
Current Palladium Price
NYMEX Palladium (coming soon)!!
London Palladium (coming soon)!!
Palladium is a relative newcomer to the precious metals market
You can invest in:
Physical Palladium Investment;
Small quantities of palladium coins
can be purchased for $50 and up
Palladium bars and wafers are also available but they are not as easily available as palladium coins.
* Non-physical Palladium
Convenient and "safer" alternative
Stocks, Mutual Funds & ETFs
Long term appreciation by investing in palladium
Palladium Options & Futures
Some but not many Palladium mining companies trade in public stock exchanges
The two largest producers of Palladium are Russia, circa 50%, and South Africa.
Both Palladium and Platinum can be used in catalytic converters commonly use in the the car manufacturing industry. The two metals are more or less equally effective but Palladium tolerates more heat than Platinum.
Approximately 40% of the total Platinum demand and around 58% of the Palladium demand in 2005 came from worldwide motor industry.
In 2001 Palladium reached a high of US$ 1090.00 an ounce, while Platinum was trading at circa US$620.00 per ounce.
Around the same 2000-2001 time period; the Ford Motor Corporation stockpiled 1,800,000 ounces of Palladium which created a Price bubble that eventually would cost Ford motors nearly US$1 billion dollars.
Picture below; Nike (Victory) offers an egg to a snake entwined around a column
surmounted by the Trojan Palladium (Hellenistic era)
In Greek and Roman mythology; Athena acquired the name Pallas after she
'accidentally' got rid of Pallas, and thereby gaining the name for herself
becoming; Pallas Athena, the goddess of
wisdom, courage, inspiration, civilization, law and justice, just warfare,
mathematics, strength, strategy, the arts, crafts, and skill.
Athena is also a shrewd companion of heroes and is the goddess of heroic endeavor. She is the virgin patroness of Athens.
The Trojan Palladium was a cult, wooden statue (xoanon), image of Pallas
Athena (whom the Greeks identified with Athena and the Romans with Minerva), it
was stolen by the Greeks Odysseus and Diomedes whom found out from Helenus the
the weakness of Troy and importance of the Palladium to them; to that Troy would
not fall while the Palladium, image or statue of Athena, remained within Troy's
walls. Diomedes and Odysseus made their way to the citadel in Troy by a secret
passage and carried it off. In this way the Greeks were then able to enter Troy,
using the deceit of the Trojan Horse.
As with other asteroids, the astronomical symbol for Pallas is its Discovery number circled, ②
However, it also has dedicated symbols , sometimes
Palladium is found in placer deposits of Russia, South America, North America, Ethiopia, and Australia. It is also found associated with the nickel-copper deposits of South Africa and Ontario.
Palladium's separation from the platinum metals depends upon the type of ore in which it is found.
Although it is a rare element, palladium tends to occur along with deposits of platinum, nickel, copper, silver and gold and is recovered as a byproduct of mining these other metals.
Palladium, along with platinum, rhodium, ruthenium, iridium and osmium form a group of elements referred to as the platinum group metals (PGMs).
Palladium at room temperature can absorb up to 900 times its own volume of hydrogen hence it is used as a purification filter for hydrogen and a catalyst in hydrogenation.
Palladium dichloride (PdCl2), a palladium compound, can absorb large amounts of carbon monoxide (CO) gas and is used in carbon monoxide detector
Platinum group metals share similar chemical properties, but palladium has the lowest melting point and is the least dense of these precious metals.
Palladium alloys are used to make jewelry and, when alloyed with gold, forms a material known as white gold.
1.5×10-2 milligrams per kilogram
| Atomic Symbol:
||1828.05 K (1554.9°C or 2830.8°F)
||3236 K (2963°C or 5365°F)
|Estimated Crustal Abundance:
|Estimated Oceanic Abundance:
||No Data Available
|Number of Stable Isotopes:
||12.0 grams per cubic centimeter
||2, 3, 4