Palladium

Palladium is a rare and precious metal that belongs to the platinum group of metals. It has a silvery-white color and is known for its high melting point, durability, and resistance to corrosion. Palladium is primarily used in the automotive industry for catalytic converters, which help reduce harmful emissions from vehicles. It is also used in electronics, dentistry, and jewelry.

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The demand for palladium has been steadily increasing due to stricter emissions regulations and the growth of the automotive industry in emerging markets. As a result, the price of palladium has reached record highs in recent years, making it a valuable commodity for investors and traders. However, the limited global supply of palladium has led to concerns about its long-term availability and sustainability.