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Palladium’s importance in world markets presents several opportunities for
investors willing to anticipate the market’s price changes.
Palladium is flexible and resistant to
corrosion. Very rare, it occurs in the pure state in platinum ores and in
the combined state in Canadian nickel ore. The chief use of palladium is
in automotive catalytic converters, but is also used in electrical contacts in communications switchgear. Platinum and
palladium are among the world’s scarcest metals. Only about 4.5 million
troy ounces of platinum and approximately 5 million ounces of palladium
entered Western markets in 1994. By comparison, worldwide mine production
of gold totaled approximately 70 million ounces in 1998, while supplies of
newly mined silver totaled approximately 440 million ounces.
Learn more about palladium.
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