Palladium (Expiring Future)

Palladium is a rare metal that is used in a variety of industries, mainly, but not exclusively, in electronics. Due to its low melting point and non-reaction to oxygen, palladium is relatively easy to manipulate and is resilient, which is why it can be found in many laptops and smartphones around the world. Palladium ore is mined in many locations around the globe, with Russia being the number one producer. Palladium is considered non-toxic, which is why it is used in products that require direct contact with the human body. For example, it is often combined with gold to create white gold jewellery and is also used for dental fillings. Naturally-occurring palladium ore is very rare, which is why much of the industry recycles the metal. The palladium chart can be impacted by supply and demand concerns, however, since it is sometimes considered a safe-haven financial asset, like gold and silver, it may also be impacted by volatility in the stock market, which in turn, may lead to an increase in palladium prices. Palladium is tracked as an expiry future traded on the CME exchange. Track Palladium on eToro for more updates and news on the current value.