Editing Palladium (section)

==Palladium as investment==
[[File:Palladium Prices.webp|thumb|right|Palladium prices – US dollars per [[troy ounce]]]]

Global palladium sales were {{convert|8.84|e6ozt|t}} in 2017,<ref>{{Cite web |url=https://www.statista.com/statistics/418218/global-palladium-supply/ |title=Total palladium supply worldwide 2017 {{!}} Statistic |website=Statista |language=en |access-date=2018-10-15}}</ref> of which 86% was used in the manufacturing of automotive catalytic converters, followed by industrial, jewellery, and investment usages.<ref>{{Cite web |url=https://www.statista.com/statistics/254543/global-palladium-demand-by-sector/ |title=Global palladium demand distribution by application 2016 {{!}} Statistic |website=Statista |language=en |access-date=2018-10-15}}</ref> More than 75% of global platinum and 40% of palladium are mined in [[South Africa]]. Russia's mining company, [[Norilsk Nickel]], produces another 44% of palladium, with US and Canada-based mines producing most of the rest.

The price for palladium reached an all-time high of $2,981.40 per ounce on May 3, 2021,<ref>{{cite web |url=https://www.kitco.com/charts/historicalpalladium.html |title=Historical Palladium Charts and Data - London Fix}}</ref><ref>{{Cite web |url=https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1100&year1=200101&year2=201807 |title=CPI Inflation Calculator |website=data.bls.gov |access-date=2018-08-13}}</ref> driven mainly on speculation of the [[catalytic converter]] demand from the [[automobile industry]]. Palladium is traded in the [[spot market]] with the code "XPD". When settled in USD, the code is "XPDUSD". A later surplus of the metal was caused by the [[Russian government]] selling stockpiles from the [[Soviet era]], at a rate of about {{convert|1.6|to|2|e6ozt|t}} a year. The amount and status of this stockpile are a [[Classified information|state secret]].

During the [[Russo-Ukrainian War]] in March 2022, prices for palladium increased 13%, since the first of March. Russia is the primary supplier to Europe and the country supplies 37% of the global production.<ref>{{cite news |last=Staff |first=Writer (OilPrice.com) |url=https://finance.yahoo.com/news/palladium-prices-soaring-russian-sanctions-223000063.html |title=Palladium Prices Are Soaring As Russian Sanctions Sting |work=[[Yahoo! Finance]] |publisher=OilPrice.com |date=2022-03-10 |access-date=2022-03-13}}</ref>

===Palladium producers===
* [[Norilsk Nickel]]
* [[Sibanye-Stillwater]]
* [[Anglo American Platinum]]
* [[Impala Platinum]]
* [[Northam Platinum]]

=== Exchange-traded products ===
WisdomTree Physical Palladium ({{lse2|PHPD}}) is backed by allocated palladium [[bullion]] and was the world's first palladium [[Exchange-traded fund|ETF]]. It is listed on the [[London Stock Exchange]] as PHPD,<ref>{{cite web |url=http://www.londonstockexchange.com/exchange/prices-and-news/stocks/summary/company-summary.html?fourWayKey=JE00B1VS3002JEUSDETCS |title=ETFS METAL PAL ETP price (PHPD) |publisher=London Stock Exchange}}</ref> [[Xetra (trading system)|Xetra Trading System]], [[Euronext]] and [[Borsa Italiana|Milan]]. ETFS Physical Palladium Shares ({{nyse2|PALL}}) is an ETF traded on the [[New York Stock Exchange]].

=== Bullion coins and bars ===
{{see also|Palladium coin}}
A traditional way of investing in palladium is buying [[bullion coins]] and bars made of palladium. Available palladium coins include the [[Canadian Palladium Maple Leaf]], the [[Chinese panda coins|Chinese Panda]], and the [[American Palladium Eagle]]. The [[liquidity]] of direct palladium bullion investment is poorer than that of [[gold]] and [[silver]] because there is low circulation of palladium coins.<ref>{{Cite web |title=Size of the Palladium Market {{!}} Sunshine Profits |url=https://www.sunshineprofits.com/gold-silver/dictionary/size-the-palladium-market/ |access-date=2023-02-11 |website=www.sunshineprofits.com}}</ref>