About the Palladium (troy ounce)
Palladium was discovered in 1803 by William Hyde Wollaston. It gained significant economic importance in the 20th century due to its industrial applications, particularly in catalytic converters.
Named after the asteroid Pallas, which was itself named after the Greek goddess Pallas Athena.
Interesting Facts
Industrial Workhorse
Over 80% of palladium's demand comes from the automotive industry, where it is a key component in catalytic converters that reduce harmful emissions.
Rarer Than Gold
Palladium is significantly rarer than gold and platinum, making its supply constrained and contributing to its high price volatility.
A Precious Platinum Group Metal
Palladium belongs to the platinum group metals (PGMs), which are known for their exceptional catalytic properties and high melting points.
Historical Timeline
Palladium is discovered.
Demand for palladium surges with the introduction of catalytic converters in automobiles.
Quick Facts
- ISO Code
- XPD
- Symbol
- oz
- Subunit
- (1/)
- Introduced
- 1803 (discovery)
Central Bank
- Name
- None (Market-determined)
Economic Data
Exchange Rates
What Affects the XPD Exchange Rate?
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