Palladium Price Chart &
Precious Metals Prices
Know More Than the Palladium Price Before You Buy
When investing in Palladium,you'll want to know more than the Palladium price. You'll want to explore what key factors influence the price of Palladium. Economics and geopolitics are an important part of any discussion about Precious Metals prices and whether the investment is a good move. One world event can send the Palladium price soaring or slipping. Not all economic news affects all Precious Metals prices the same way. Take, for example, the Volkswagen recall of diesel cars.
The Volkswagen diesel car recall happened because the company wrote software that would fool emissions tests so the cars appeared more environmentally friendly than they are. Palladium and Platinum are key components to catalytic converters in cars. These converters help transform gas into less harmful substances. But only Platinum is used in diesel car catalytic converters, according to Automotive IQ. Palladium, on the other hand, is typically used in gasoline-fueled cars. As a result, this one event could potentially boost the use of Palladium with more gas-fueled cars being produced and therefore boost the Palladium price on higher demand. And, of course, the potential lower demand for Platinum with possibly fewer diesel cars on the road could affect that Precious Metal's price.
Other bigger events can also influence the price of Palladium and other Precious Metals. For example, China and India are closely watched as emerging markets. As their populations increase their use of all sorts of goods, including cars, it will affect the bullion prices of Palladium and other Precious Metals. Also, as people in these emerging markets become wealthier, they are likely to purchase more luxuries like jewelry, and both Palladium and Platinum are key components in jewelry. People will also use more electronics – many of which use Palladium. For example, ceramic capacitors in laptops and cell phones use Palladium. With more demand, the price of Palladium will begin to increase, including on favorite Palladium coins and Palladium bars.
Palladium Prices Depend on Politics of Supply
When considering the current Precious Metals prices for Palladium, you'll want to look at the historical prices on our price chart then also consider other factors that have and will continue to influence the Precious Metals prices. While demand is a key factor, so is supply. It is important to know most of the world's Palladium comes from South Africa and Russia. The local politics and international politics all can play a role in this supply chain.
As you consider the bullion prices for Palladium, take some time to understand the supply chain. For example, as a strike in the South African Platinum mines wore on in 2014, both Platinum and Palladium prices began to tick up, according to Mining Weekly. The Platinum strike affects Palladium, because both are part of what are called Platinum-group metals. The South African strike was so important to both Platinum and Palladium prices because the strike idled 60 percent of that country's Platinum-group metals output. South Africa's mining of these Precious Metals affects 45 percent of global supply.
Also consider the amount of world Palladium supply produced by Russian mines and the geopolitical issues the country has encountered in the recent years. If a second cold war emerged, the price of Palladium would likely move upward. These are just some examples of local and worldwide political events that can affect Palladium and other Precious Metal prices and increase coin prices, like Canadian 1 oz Palladium Maple Leafs, or bullion prices, like 50x 1 gram Valcambi Palladium Bars and secondary market 1 gram Palladium bars. Watching these trends, you will be better positioned to make the most of your Palladium and other Precious Metals investments.
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