Palladium Mines
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Palladium is a
chemical element A chemical element is a species of atoms that have a given number of protons in their nuclei, including the pure substance consisting only of that species. Unlike chemical compounds, chemical elements cannot be broken down into simpler sub ...
with the
symbol A symbol is a mark, sign, or word that indicates, signifies, or is understood as representing an idea, object, or relationship. Symbols allow people to go beyond what is known or seen by creating linkages between otherwise very different conc ...
Pd and
atomic number The atomic number or nuclear charge number (symbol ''Z'') of a chemical element is the charge number of an atomic nucleus. For ordinary nuclei, this is equal to the proton number (''n''p) or the number of protons found in the nucleus of every ...
46. It is a rare and lustrous silvery-white metal discovered in 1803 by the English chemist
William Hyde Wollaston William Hyde Wollaston (; 6 August 1766 – 22 December 1828) was an English chemist and physicist who is famous for discovering the chemical elements palladium and rhodium. He also developed a way to process platinum ore into malleable ingo ...
. He named it after the asteroid Pallas, which was itself named after the
epithet An epithet (, ), also byname, is a descriptive term (word or phrase) known for accompanying or occurring in place of a name and having entered common usage. It has various shades of meaning when applied to seemingly real or fictitious people, di ...
of the Greek goddess
Athena Athena or Athene, often given the epithet Pallas, is an ancient Greek goddess associated with wisdom, warfare, and handicraft who was later syncretized with the Roman goddess Minerva. Athena was regarded as the patron and protectress of ...
, acquired by her when she slew Pallas. Palladium,
platinum Platinum is a chemical element with the symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish , a diminutive of "silver". Platinu ...
,
rhodium Rhodium is a chemical element with the symbol Rh and atomic number 45. It is a very rare, silvery-white, hard, corrosion-resistant transition metal. It is a noble metal and a member of the platinum group. It has only one naturally occurring isoto ...
, ruthenium,
iridium Iridium is a chemical element with the symbol Ir and atomic number 77. A very hard, brittle, silvery-white transition metal of the platinum group, it is considered the second-densest naturally occurring metal (after osmium) with a density of ...
and
osmium Osmium (from Greek grc, ὀσμή, osme, smell, label=none) is a chemical element with the symbol Os and atomic number 76. It is a hard, brittle, bluish-white transition metal in the platinum group that is found as a trace element in alloys, mos ...
form a group of elements referred to as the platinum group metals (PGMs). They have similar chemical properties, but palladium has the lowest melting point and is the least dense of them. More than half the supply of palladium and its congener platinum is used in
catalytic converter A catalytic converter is an exhaust emission control device that converts toxic gases and pollutants in exhaust gas from an internal combustion engine into less-toxic pollutants by catalyzing a redox reaction. Catalytic converters are usually ...
s, which convert as much as 90% of the harmful gases in automobile exhaust (
hydrocarbon In organic chemistry, a hydrocarbon is an organic compound consisting entirely of hydrogen and carbon. Hydrocarbons are examples of group 14 hydrides. Hydrocarbons are generally colourless and hydrophobic, and their odors are usually weak or ex ...
s,
carbon monoxide Carbon monoxide (chemical formula CO) is a colorless, poisonous, odorless, tasteless, flammable gas that is slightly less dense than air. Carbon monoxide consists of one carbon atom and one oxygen atom connected by a triple bond. It is the simple ...
, and nitrogen dioxide) into nontoxic substances (
nitrogen Nitrogen is the chemical element with the symbol N and atomic number 7. Nitrogen is a nonmetal and the lightest member of group 15 of the periodic table, often called the pnictogens. It is a common element in the universe, estimated at se ...
,
carbon dioxide Carbon dioxide (chemical formula ) is a chemical compound made up of molecules that each have one carbon atom covalently double bonded to two oxygen atoms. It is found in the gas state at room temperature. In the air, carbon dioxide is transpar ...
and
water vapor (99.9839 °C) , - , Boiling point , , - , specific gas constant , 461.5 J/( kg·K) , - , Heat of vaporization , 2.27 MJ/kg , - , Heat capacity , 1.864 kJ/(kg·K) Water vapor, water vapour or aqueous vapor is the gaseous pha ...
). Palladium is also used in electronics,
dentistry Dentistry, also known as dental medicine and oral medicine, is the branch of medicine focused on the teeth, gums, and mouth. It consists of the study, diagnosis, prevention, management, and treatment of diseases, disorders, and conditions o ...
,
medicine Medicine is the science and practice of caring for a patient, managing the diagnosis, prognosis, prevention, treatment, palliation of their injury or disease, and promoting their health. Medicine encompasses a variety of health care pract ...
, hydrogen purification, chemical applications, groundwater treatment, and jewelry. Palladium is a key component of
fuel cell A fuel cell is an electrochemical cell that converts the chemical energy of a fuel (often hydrogen) and an oxidizing agent (often oxygen) into electricity through a pair of redox reactions. Fuel cells are different from most batteries in requ ...
s, in which hydrogen and oxygen react to produce electricity, heat, and water.
Ore Ore is natural rock or sediment that contains one or more valuable minerals, typically containing metals, that can be mined, treated and sold at a profit.Encyclopædia Britannica. "Ore". Encyclopædia Britannica Online. Retrieved 7 April 2 ...
deposits of palladium and other PGMs are rare. The most extensive deposits have been found in the
norite Norite is a mafic intrusive igneous rock composed largely of the calcium-rich plagioclase labradorite, orthopyroxene, and olivine. The name ''norite'' is derived from ''Norge'', the Norwegian name for Norway. Norite also known as orthopyroxen ...
belt of the Bushveld Igneous Complex covering the
Transvaal Basin The Transvaal Basin is one of three basins of the Transvaal Supergroup on the Kaapvaal craton. The evolution of this 2.65–2.05 Ga Neoarchaean–Palaeoproterozoic basin is thought to have been derived largely from magmatism, palaeoclimate and e ...
in South Africa, the
Stillwater Complex The Stillwater igneous complex is a large layered mafic intrusion (LMI) located in southern Montana in Stillwater, Sweet Grass and Park Counties. The complex is exposed across 30 miles (48 km) of the north flank of the Beartooth Mount ...
in
Montana Montana () is a state in the Mountain West division of the Western United States. It is bordered by Idaho to the west, North Dakota and South Dakota to the east, Wyoming to the south, and the Canadian provinces of Alberta, British Columbi ...
, United States; the
Sudbury Basin The Sudbury Basin (), also known as Sudbury Structure or the Sudbury Nickel Irruptive, is a major geological structure in Ontario, Canada. It is the third-largest known impact crater or astrobleme on Earth, as well as one of the oldest. The cra ...
and
Thunder Bay District Thunder Bay District is a district and census division in Northwestern Ontario in the Canadian province of Ontario. The district seat is Thunder Bay. In 2016, the population was 146,048. The land area is ; the population density was . Most of ...
of
Ontario Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central Ca ...
, Canada, and the Norilsk Complex in Russia.
Recycling Recycling is the process of converting waste materials into new materials and objects. The recovery of energy from waste materials is often included in this concept. The recyclability of a material depends on its ability to reacquire the p ...
is also a source, mostly from scrapped catalytic converters. The numerous applications and limited supply sources result in considerable
investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...
interest.


Characteristics

Palladium belongs to group 10 in the periodic table, but the configuration in the outermost electrons is in accordance with
Hund's rule Hund's rule of maximum multiplicity is a rule based on observation of atomic spectra, which is used to predict the ground state of an atom or molecule with one or more open electronic shells. The rule states that for a given electron configuration ...
. Electrons that by the
Madelung rule The aufbau principle , from the German ''Aufbauprinzip'' (building-up principle), also called the aufbau rule, states that in the ground state of an atom or ion, electrons fill Electron shell#Subshells, subshells of the lowest available energy, t ...
would be expected to occupy the 5 ''s'' instead fill the 4 ''d'' orbitals, as it is more energetically favorable to have a completely filled 4d10 shell instead of the 5s2 4d8 configuration. This 5s0 configuration, unique in period 5, makes palladium the heaviest element having only ''one'' incomplete electron shell, with all shells above it empty. Palladium has the appearance of a soft silver-white metal that resembles platinum. It is the least dense and has the lowest
melting point The melting point (or, rarely, liquefaction point) of a substance is the temperature at which it changes state from solid to liquid. At the melting point the solid and liquid phase exist in equilibrium. The melting point of a substance depends ...
of the platinum group metals. It is soft and ductile when annealed and is greatly increased in strength and hardness when cold-worked. Palladium dissolves slowly in concentrated
nitric acid Nitric acid is the inorganic compound with the formula . It is a highly corrosive mineral acid. The compound is colorless, but older samples tend to be yellow cast due to decomposition into oxides of nitrogen. Most commercially available nitri ...
, in hot, concentrated
sulfuric acid Sulfuric acid (American spelling and the preferred IUPAC name) or sulphuric acid ( Commonwealth spelling), known in antiquity as oil of vitriol, is a mineral acid composed of the elements sulfur, oxygen and hydrogen, with the molecular formu ...
, and when finely ground, in
hydrochloric acid Hydrochloric acid, also known as muriatic acid, is an aqueous solution of hydrogen chloride. It is a colorless solution with a distinctive pungent smell. It is classified as a strong acid Acid strength is the tendency of an acid, symbol ...
. It dissolves readily at room temperature in aqua regia. Palladium does not react with
oxygen Oxygen is the chemical element with the symbol O and atomic number 8. It is a member of the chalcogen group in the periodic table, a highly reactive nonmetal, and an oxidizing agent that readily forms oxides with most elements as wel ...
at standard temperature (and thus does not tarnish in air). Palladium heated to 800 °C will produce a layer of palladium(II) oxide (PdO). It may slowly develop a slight brownish coloration over time, likely due to the formation of a surface layer of its monoxide. Palladium films with defects produced by alpha particle bombardment at low temperature exhibit superconductivity having ''T''c=3.2 K.


Isotopes

Naturally occurring palladium is composed of seven
isotope Isotopes are two or more types of atoms that have the same atomic number (number of protons in their nuclei) and position in the periodic table (and hence belong to the same chemical element), and that differ in nucleon numbers (mass numbers) ...
s, six of which are stable. The most stable radioisotopes are 107Pd with a
half-life Half-life (symbol ) is the time required for a quantity (of substance) to reduce to half of its initial value. The term is commonly used in nuclear physics to describe how quickly unstable atoms undergo radioactive decay or how long stable ato ...
of 6.5 million years (found in nature), 103Pd with 17 days, and 100Pd with 3.63 days. Eighteen other radioisotopes have been characterized with atomic weights ranging from 90.94948(64) u (91Pd) to 122.93426(64) u (123Pd). These have half-lives of less than thirty minutes, except 101Pd (half-life: 8.47 hours), 109Pd (half-life: 13.7 hours), and 112Pd (half-life: 21 hours). For isotopes with atomic mass unit values less than that of the most abundant stable isotope, 106Pd, the primary
decay mode Radioactive decay (also known as nuclear decay, radioactivity, radioactive disintegration, or nuclear disintegration) is the process by which an unstable atomic nucleus loses energy by radiation. A material containing unstable nuclei is consid ...
is
electron capture Electron capture (K-electron capture, also K-capture, or L-electron capture, L-capture) is a process in which the proton-rich nucleus of an electrically neutral atom absorbs an inner atomic electron, usually from the K or L electron shells. Thi ...
with the primary
decay product In nuclear physics, a decay product (also known as a daughter product, daughter isotope, radio-daughter, or daughter nuclide) is the remaining nuclide left over from radioactive decay. Radioactive decay often proceeds via a sequence of steps ( ...
being rhodium. The primary mode of decay for those isotopes of Pd with atomic mass greater than 106 is
beta decay In nuclear physics, beta decay (β-decay) is a type of radioactive decay in which a beta particle (fast energetic electron or positron) is emitted from an atomic nucleus, transforming the original nuclide to an isobar of that nuclide. For ...
with the primary product of this decay being
silver Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, whi ...
.
Radiogenic A radiogenic nuclide is a nuclide that is produced by a process of radioactive decay. It may itself be radioactive (a radionuclide) or stable (a stable nuclide). Radiogenic nuclides (more commonly referred to as radiogenic isotopes) form some of ...
107Ag is a decay product of 107Pd and was first discovered in 1978 in the Santa Clara meteorite of 1976. The discoverers suggest that the coalescence and differentiation of iron-cored small planets may have occurred 10 million years after a
nucleosynthetic Nucleosynthesis is the process that creates new atomic nuclei from pre-existing nucleons (protons and neutrons) and nuclei. According to current theories, the first nuclei were formed a few minutes after the Big Bang, through nuclear reactions in ...
event. 107Pd versus Ag correlations observed in bodies, which have been melted since accretion of the
Solar System The Solar SystemCapitalization of the name varies. The International Astronomical Union, the authoritative body regarding astronomical nomenclature, specifies capitalizing the names of all individual astronomical objects but uses mixed "Solar S ...
, must reflect the presence of short-lived nuclides in the early Solar System. is also produced as a
fission product Nuclear fission products are the atomic fragments left after a large atomic nucleus undergoes nuclear fission. Typically, a large nucleus like that of uranium fissions by splitting into two smaller nuclei, along with a few neutrons, the release ...
in spontaneous or induced fission of . As it is not very mobile in the environment and has a relatively low decay energy, is usually considered to be among the less concerning of the
long-lived fission products Long-lived fission products (LLFPs) are radioactive materials with a long half-life (more than 200,000 years) produced by nuclear fission of uranium and plutonium. Because of their persistent radiotoxicity it is necessary to isolate them from man ...
.


Compounds

Palladium compounds exist primarily in the 0 and +2 oxidation state. Other less common states are also recognized. Generally the compounds of palladium are more similar to those of platinum than those of any other element. File:Alpha-palladium(II)-chloride-xtal-3D-balls.png, Structure of ''α''-PdCl2 File:Pd6Cl12-from-xtal-1996-CM-3D-ellipsoids.png,


Palladium(II)

Palladium(II) chloride is the principal starting material for other palladium compounds. It arises by the reaction of palladium with chlorine. It is used to prepare heterogeneous palladium catalysts such as palladium on barium sulfate, palladium on carbon, and palladium chloride on carbon. Solutions of PdCl2 in nitric acid react with
acetic acid Acetic acid , systematically named ethanoic acid , is an acidic, colourless liquid and organic compound with the chemical formula (also written as , , or ). Vinegar is at least 4% acetic acid by volume, making acetic acid the main component ...
to give palladium(II) acetate, also a versatile reagent. PdCl2 reacts with ligands (L) to give square planar complexes of the type PdCl2L2. One example of such complexes is the benzonitrile derivative PdX2(PhCN)2. : PdCl2 + 2 L → PdCl2L2 (L = PhCN, PPh3, NH3, etc) The complex
bis(triphenylphosphine)palladium(II) dichloride Bis(triphenylphosphine)palladium chloride is a coordination compound of palladium containing two triphenylphosphine and two chloride ligands. It is a yellow solid that is soluble in some organic solvents. It is used for palladium-catalyzed coupl ...
is a useful catalyst.


Palladium(0)

Palladium forms a range of zerovalent complexes with the formula PdL4, PdL3 and PdL2. For example, reduction of a mixture of PdCl2(PPh3)2 and PPh3 gives tetrakis(triphenylphosphine)palladium(0): :2 PdCl2(PPh3)2 + 4 PPh3 + 5 N2H4 → 2 Pd(PPh3)4 + N2 + 4 N2H5+Cl Another major palladium(0) complex, tris(dibenzylideneacetone)dipalladium(0) (Pd2(dba)3), is prepared by reducing
sodium tetrachloropalladate Sodium tetrachloropalladate is an inorganic compound with the chemical formula Na2PdCl4. This salt, and the analogous alkali metal salts of the form M2PdCl4, may be prepared simply by reacting palladium(II) chloride with the appropriate alkali meta ...
in the presence of
dibenzylideneacetone Dibenzylideneacetone or dibenzalacetone, often abbreviated dba, is an organic compound with the formula C17H14O. It is a pale-yellow solid insoluble in water, but soluble in ethanol. It was first prepared in 1881 by the German chemist Rainer Ludwi ...
. Palladium(0), as well as palladium(II), are catalysts in coupling reactions, as has been recognized by the 2010
Nobel Prize in Chemistry ) , image = Nobel Prize.png , alt = A golden medallion with an embossed image of a bearded man facing left in profile. To the left of the man is the text "ALFR•" then "NOBEL", and on the right, the text (smaller) "NAT•" then "M ...
to
Richard F. Heck Richard Frederick Heck (August 15, 1931 – October 9, 2015) was an American chemist noted for the discovery and development of the Heck reaction, which uses palladium to catalyze organic chemical reactions that couple aryl halides with alkenes ...
, Ei-ichi Negishi, and Akira Suzuki. Such reactions are widely practiced for the synthesis of fine chemicals. Prominent coupling reactions include the Heck,
Suzuki is a Japan, Japanese multinational corporation headquartered in Minami-ku, Hamamatsu, Japan. Suzuki manufactures automobiles, motorcycles, All-terrain vehicle, all-terrain vehicles (ATVs), outboard motor, outboard marine engines, wheelchairs ...
,
Sonogashira coupling The Sonogashira reaction is a cross-coupling reaction used in organic synthesis to form carbon–carbon bonds. It employs a palladium catalyst as well as copper co-catalyst to form a carbon–carbon bond between a terminal alkyne and an aryl or vi ...
, Stille reactions, and the Kumada coupling. Palladium(II) acetate, tetrakis(triphenylphosphine)palladium(0) (Pd(PPh3)4, and tris(dibenzylideneacetone)dipalladium(0) (Pd2(dba)3) serve either as catalysts or precatalysts.


Other oxidation states

Although Pd(IV) compounds are comparatively rare, one example is
sodium hexachloropalladate(IV) Sodium is a chemical element with the symbol Na (from Latin ''natrium'') and atomic number 11. It is a soft, silvery-white, highly reactive metal. Sodium is an alkali metal, being in group 1 of the periodic table. Its only stable isot ...
, Na2 dCl6 A few
compounds of palladium(III) In chemistry, compounds of palladium(III) feature the noble metal palladium in the unusual +3 oxidation state (in most of its compounds, palladium has the oxidation state II). Compounds of Pd(III) occur in mononuclear and dinuclear forms. Palladiu ...
are also known. Palladium(VI) was claimed in 2002, but subsequently disproven. Mixed valence palladium complexes exist, e.g. Pd4(CO)4(OAc)4Pd(acac)2 forms an infinite Pd chain structure, with alternatively interconnected Pd4(CO)4(OAc)4 and Pd(acac)2 units. When alloyed with a more electropositive element, palladium can acquire a negative charge. Such compounds are known as palladides, such as
gallium palladide Gallium palladide (GaPd or PdGa) is an intermetallic combination of gallium and palladium. In the Iron monosilicide crystal structure. The compound has been suggested as an improved Hydrogenation#Catalysts, catalyst for hydrogenation reactions. In ...
. Palladides with the
stoichiometry Stoichiometry refers to the relationship between the quantities of reactants and products before, during, and following chemical reactions. Stoichiometry is founded on the law of conservation of mass where the total mass of the reactants equal ...
RPd3 exist where R is
scandium Scandium is a chemical element with the symbol Sc and atomic number 21. It is a silvery-white metallic d-block element. Historically, it has been classified as a rare-earth element, together with yttrium and the Lanthanides. It was discovered in ...
, yttrium, or any of the lanthanides.


Occurrence

As overall mine production of palladium reached 208,000 kilograms in 2016,
Russia Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...
was the top producer with 82,000 kilograms, followed by South Africa, Canada and the U.S. Russia's company
Norilsk Nickel Norilsk Nickel (russian: ГМК «Норильский никель»), or Nornickel, is a Russian nickel and palladium mining and smelting company. Its largest operations are located in the Norilsk–Talnakh area near the Yenisei River in the no ...
ranks first among the largest palladium producers globally, accounting for 39% of the world's production. Palladium can be found as a free metal alloyed with gold and other platinum-group metals in placer deposits of the
Ural Mountains The Ural Mountains ( ; rus, Ура́льские го́ры, r=Uralskiye gory, p=ʊˈralʲskʲɪjə ˈɡorɨ; ba, Урал тауҙары) or simply the Urals, are a mountain range that runs approximately from north to south through western ...
,
Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
,
Ethiopia Ethiopia, , om, Itiyoophiyaa, so, Itoobiya, ti, ኢትዮጵያ, Ítiyop'iya, aa, Itiyoppiya officially the Federal Democratic Republic of Ethiopia, is a landlocked country in the Horn of Africa. It shares borders with Eritrea to the ...
,
North North is one of the four compass points or cardinal directions. It is the opposite of south and is perpendicular to east and west. ''North'' is a noun, adjective, or adverb indicating Direction (geometry), direction or geography. Etymology T ...
and
South America South America is a continent entirely in the Western Hemisphere and mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere at the northern tip of the continent. It can also be described as the southe ...
. For the production of palladium, these deposits play only a minor role. The most important commercial sources are
nickel Nickel is a chemical element with symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal. Pure nickel is chemically reactive but large pieces are slow to ...
-
copper Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkis ...
deposits found in the
Sudbury Basin The Sudbury Basin (), also known as Sudbury Structure or the Sudbury Nickel Irruptive, is a major geological structure in Ontario, Canada. It is the third-largest known impact crater or astrobleme on Earth, as well as one of the oldest. The cra ...
,
Ontario Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central Ca ...
, and the Norilsk–Talnakh deposits in
Siberia Siberia ( ; rus, Сибирь, r=Sibir', p=sʲɪˈbʲirʲ, a=Ru-Сибирь.ogg) is an extensive geographical region, constituting all of North Asia, from the Ural Mountains in the west to the Pacific Ocean in the east. It has been a part of ...
. The other large deposit is the Merensky Reef platinum group metals deposit within the Bushveld Igneous Complex
South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...
. The Stillwater igneous complex of
Montana Montana () is a state in the Mountain West division of the Western United States. It is bordered by Idaho to the west, North Dakota and South Dakota to the east, Wyoming to the south, and the Canadian provinces of Alberta, British Columbi ...
and the Roby zone ore body of the
Lac des Îles igneous complex The Lac des Îles igneous complex of northwestern Ontario, Canada is a layered gabbroic intrusion which is the host for the largest palladium orebody in Canada. The orebody is currently being mined as a combined open pit and underground operation ...
of Ontario are the two other sources of palladium in Canada and the United States. Palladium is found in the rare minerals cooperite and
polarite Polarite, is an opaque, yellow-white mineral with the chemical formula . Its crystals are orthorhombic pyramidal, but can only be seen through a microscope. It has a metallic luster and leaves a white streak. Polarite is rated 3.5 to 4 on the Mohs ...
. Many more Pd minerals are known, but all of them are very rare. Palladium is also produced in
nuclear fission Nuclear fission is a reaction in which the nucleus of an atom splits into two or more smaller nuclei. The fission process often produces gamma photons, and releases a very large amount of energy even by the energetic standards of radio ...
reactors and can be extracted from spent nuclear fuel (see
synthesis of precious metals The synthesis of precious metals involves the use of either nuclear reactors or particle accelerators to produce these elements. Precious metals occurring as fission products Ruthenium, rhodium Ruthenium and rhodium are precious metals produce ...
), though this source for palladium is not used. None of the existing
nuclear reprocessing Nuclear reprocessing is the chemical separation of fission products and actinides from spent nuclear fuel. Originally, reprocessing was used solely to extract plutonium for producing nuclear weapons. With commercialization of nuclear power, the ...
facilities are equipped to extract palladium from the
high-level radioactive waste High-level waste (HLW) is a type of nuclear waste created by the reprocessing of spent nuclear fuel. It exists in two main forms: * First and second cycle raffinate and other waste streams created by nuclear reprocessing. * Waste formed by vit ...
. A complication for the recovery of Palladium in spent fuel is the presence of a slightly radioactive
long-lived fission product Long-lived fission products (LLFPs) are radioactive materials with a long half-life (more than 200,000 years) produced by nuclear fission of uranium and plutonium. Because of their persistent radiotoxicity it is necessary to isolate them from man ...
. Depending on end use, the radioactivity contributed by the might make the recovered Palladium unusable without a costly step of
isotope separation Isotope separation is the process of concentrating specific isotopes of a chemical element by removing other isotopes. The use of the nuclides produced is varied. The largest variety is used in research (e.g. in chemistry where atoms of "marker" n ...
.


Applications

The largest use of palladium today is in catalytic converters. Palladium is also used in jewelry,
dentistry Dentistry, also known as dental medicine and oral medicine, is the branch of medicine focused on the teeth, gums, and mouth. It consists of the study, diagnosis, prevention, management, and treatment of diseases, disorders, and conditions o ...
,
watch A watch is a portable timepiece intended to be carried or worn by a person. It is designed to keep a consistent movement despite the motions caused by the person's activities. A wristwatch is designed to be worn around the wrist, attached by ...
making, blood sugar test strips, aircraft
spark plug A spark plug (sometimes, in British English, a sparking plug, and, colloquially, a plug) is a device for delivering electric current from an ignition system to the combustion chamber of a spark-ignition engine to ignite the compressed fuel/air ...
s, surgical instruments, and electrical contacts. Palladium is also used to make professional transverse (concert or classical) flutes. As a commodity, palladium
bullion Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes from t ...
has ISO currency codes of XPD and 964. Palladium is one of only four metals to have such codes, the others being
gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile met ...
,
silver Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, whi ...
and platinum. Because it
adsorbs Adsorption is the adhesion of atoms, ions or molecules from a gas, liquid or dissolved solid to a Surface science, surface. This process creates a film of the ''adsorbate'' on the surface of the ''adsorbent''. This process differs from absorpti ...
hydrogen, palladium was a key component of the controversial cold fusion experiments of the late 1980s.


Catalysis

When it is finely divided, as with
palladium on carbon Palladium on carbon, often referred to as Pd/C, is a form of palladium used as a catalyst. The metal is supported on activated carbon to maximize its surface area and activity. Uses Hydrogenation Palladium on carbon is used for catalytic hydrog ...
, palladium forms a versatile
catalyst Catalysis () is the process of increasing the rate of a chemical reaction by adding a substance known as a catalyst (). Catalysts are not consumed in the reaction and remain unchanged after it. If the reaction is rapid and the catalyst recyc ...
; it speeds
heterogeneous Homogeneity and heterogeneity are concepts often used in the sciences and statistics relating to the uniformity of a substance or organism. A material or image that is homogeneous is uniform in composition or character (i.e. color, shape, siz ...
catalytic processes like
hydrogenation Hydrogenation is a chemical reaction between molecular hydrogen (H2) and another compound or element, usually in the presence of a Catalysis, catalyst such as nickel, palladium or platinum. The process is commonly employed to redox, reduce or S ...
,
dehydrogenation In chemistry, dehydrogenation is a chemical reaction that involves the removal of hydrogen, usually from an organic molecule. It is the reverse of hydrogenation. Dehydrogenation is important, both as a useful reaction and a serious problem. At ...
, and petroleum cracking. Palladium is also essential to the
Lindlar catalyst A Lindlar catalyst is a heterogeneous catalyst that consists of palladium deposited on calcium carbonate or barium sulfate which is then poisoned with various forms of lead or sulfur. It is used for the hydrogenation of alkynes to alkenes (i.e. ...
, also called Lindlar's Palladium. A large number of
carbon–carbon bond A carbon–carbon bond is a covalent bond between two carbon atoms. The most common form is the single bond: a bond composed of two electrons, one from each of the two atoms. The carbon–carbon single bond is a sigma bond and is formed b ...
ing reactions in
organic chemistry Organic chemistry is a subdiscipline within chemistry involving the scientific study of the structure, properties, and reactions of organic compounds and organic materials, i.e., matter in its various forms that contain carbon atoms.Clayden, J.; ...
are facilitated by palladium compound catalysts. For example: *
Heck reaction The Heck reaction (also called the Mizoroki–Heck reaction) is the chemical reaction of an unsaturated halide (or triflate) with an alkene in the presence of a base and a palladium catalyst (or palladium nanomaterial-based catalyst) to form a s ...
*
Suzuki coupling The Suzuki reaction is an organic reaction, classified as a cross-coupling reaction, where the coupling partners are a boronic acid and an organohalide and the catalyst is a palladium(0) complex. It was first published in 1979 by Akira Suzuki, a ...
* Tsuji-Trost reactions *
Wacker process The Wacker process or the Hoechst-Wacker process (named after the chemical companies of the same name) refers to the oxidation of ethylene to acetaldehyde in the presence of palladium(II) chloride as the catalyst. This chemical reaction was one of ...
* Negishi reaction *
Stille coupling The Stille reaction is a chemical reaction widely used in organic synthesis. The reaction involves the coupling of two organic groups, one of which is carried as an organotin compound (also known as organostannanes). A variety of organic electroph ...
*
Sonogashira coupling The Sonogashira reaction is a cross-coupling reaction used in organic synthesis to form carbon–carbon bonds. It employs a palladium catalyst as well as copper co-catalyst to form a carbon–carbon bond between a terminal alkyne and an aryl or vi ...
(See palladium compounds and palladium-catalyzed coupling reactions.) When dispersed on conductive materials, palladium is an excellent electrocatalyst for oxidation of primary alcohols in alkaline media. Palladium is also a versatile metal for homogeneous catalysis, used in combination with a broad variety of
ligand In coordination chemistry, a ligand is an ion or molecule (functional group) that binds to a central metal atom to form a coordination complex. The bonding with the metal generally involves formal donation of one or more of the ligand's electr ...
s for highly selective chemical transformations. In 2010 the
Nobel Prize in Chemistry ) , image = Nobel Prize.png , alt = A golden medallion with an embossed image of a bearded man facing left in profile. To the left of the man is the text "ALFR•" then "NOBEL", and on the right, the text (smaller) "NAT•" then "M ...
was awarded "for palladium-catalyzed cross couplings in organic synthesis" to
Richard F. Heck Richard Frederick Heck (August 15, 1931 – October 9, 2015) was an American chemist noted for the discovery and development of the Heck reaction, which uses palladium to catalyze organic chemical reactions that couple aryl halides with alkenes ...
, Ei-ichi Negishi and Akira Suzuki. A 2008 study showed that palladium is an effective catalyst for carbon-fluorine bonds. Palladium catalysis is primarily employed in organic chemistry and industrial applications, although its use is growing as a tool for synthetic biology; in 2017, effective ''in vivo'' catalytic activity of palladium
nanoparticles A nanoparticle or ultrafine particle is usually defined as a particle of matter that is between 1 and 100 nanometres (nm) in diameter. The term is sometimes used for larger particles, up to 500 nm, or fibers and tubes that are less than 1 ...
was demonstrated in mammals to treat disease.


Electronics

The primary application of palladium in electronics is in
multi-layer ceramic capacitor A ceramic capacitor is a fixed-value capacitor where the ceramic material acts as the dielectric. It is constructed of two or more alternating layers of ceramic and a metal layer acting as the electrodes. The composition of the ceramic material de ...
s in which palladium (and palladium-silver alloy) is used for electrodes. Palladium (sometimes alloyed with nickel) is or can be used for component and connector plating in consumer electronics and in soldering materials. The electronic sector consumed of palladium in 2006, according to a Johnson Matthey report.


Technology

Hydrogen easily diffuses through heated palladium, and membrane reactors with Pd membranes are used in the production of high purity hydrogen. Palladium is used in
palladium-hydrogen electrode The palladium-hydrogen electrode (abbreviation: Pd/H2) is one of the common reference electrodes used in electrochemical study. Most of its characteristics are similar to the standard hydrogen electrode (with platinum). But palladium has one signif ...
s in electrochemical studies. Palladium(II) chloride readily catalyzes carbon monoxide gas to carbon dioxide and is useful in
carbon monoxide detector A carbon monoxide detector or CO detector is a device that detects the presence of the carbon monoxide (CO) gas to prevent carbon monoxide poisoning. In the late 1990s Underwriters Laboratories changed the definition of a single station CO de ...
s.


Hydrogen storage

Palladium readily
adsorbs Adsorption is the adhesion of atoms, ions or molecules from a gas, liquid or dissolved solid to a Surface science, surface. This process creates a film of the ''adsorbate'' on the surface of the ''adsorbent''. This process differs from absorpti ...
hydrogen at room temperatures, forming
palladium hydride Palladium hydride is metallic palladium that contains a substantial quantity of hydrogen within its crystal lattice. Despite its name, it is not an ionic hydride but rather an alloy of palladium with metallic hydrogen that can be written PdHx. At ro ...
PdHx with x less than 1. While this property is common to many transition metals, palladium has a uniquely high absorption capacity and does not lose its ductility until x approaches 1. This property has been investigated in designing an efficient, inexpensive, and safe hydrogen fuel storage medium, though palladium itself is currently prohibitively expensive for this purpose. The content of hydrogen in palladium can be linked to
magnetic susceptibility In electromagnetism, the magnetic susceptibility (Latin: , "receptive"; denoted ) is a measure of how much a material will become magnetized in an applied magnetic field. It is the ratio of magnetization (magnetic moment per unit volume) to the ap ...
, which decreases with the increase of hydrogen and becomes zero for PdH0.62. At any higher ratio, the solid solution becomes diamagnetic. Palladium is also used for hydrogen purification via hydrogen-purification membranes.


Dentistry

Palladium is used in small amounts (about 0.5%) in some alloys of
dental amalgam Dental amalgam is a liquid mercury and metal alloy mixture used in dentistry to fill cavities caused by tooth decay. Low-copper amalgam commonly consists of mercury (50%), silver (~22–32%), tin (~14%), zinc (~8%) and other trace metals. Den ...
to decrease corrosion and increase the metallic lustre of the final restoration.


Jewelry

Palladium has been used as a
precious metal Precious metals are rare, naturally occurring metallic chemical elements of high economic value. Chemically, the precious metals tend to be less reactive than most elements (see noble metal). They are usually ductile and have a high lustre. ...
in jewelry since 1939 as an alternative to platinum in the alloys called "
white gold Pure gold is slightly reddish yellow in color, but colored gold in various other colors can be produced by alloying gold with other elements. Colored golds can be classified in three groups: * Alloys with silver and copper in various proportions ...
", where the naturally white color of palladium does not require rhodium plating. Palladium is much less dense than platinum. Similar to gold, palladium can be beaten into
leaf A leaf ( : leaves) is any of the principal appendages of a vascular plant stem, usually borne laterally aboveground and specialized for photosynthesis. Leaves are collectively called foliage, as in "autumn foliage", while the leaves, ste ...
as thin as 100 nm ( in). Unlike platinum, palladium may discolor at temperatures above due to oxidation, making it more brittle and thus less suitable for use in jewelry; to prevent this, palladium intended for jewelry is heated under controlled conditions. Prior to 2004, the principal use of palladium in jewelry was the manufacture of white gold. Palladium is one of the three most popular alloying metals in white gold (
nickel Nickel is a chemical element with symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal. Pure nickel is chemically reactive but large pieces are slow to ...
and silver can also be used). Palladium-gold is more expensive than nickel-gold, but seldom causes allergic reactions (though certain cross-allergies with nickel may occur). When platinum became a strategic resource during World War II, many jewelry bands were made out of palladium. Palladium was little used in jewelry because of the technical difficulty of
casting Casting is a manufacturing process in which a liquid material is usually poured into a mold, which contains a hollow cavity of the desired shape, and then allowed to solidify. The solidified part is also known as a ''casting'', which is ejected ...
. With the casting problem resolved the use of palladium in jewelry increased, originally because platinum increased in price while the price of palladium decreased. In early 2004, when gold and platinum prices rose steeply, China began fabricating volumes of palladium jewelry, consuming 37
tonne The tonne ( or ; symbol: t) is a unit of mass equal to 1000  kilograms. It is a non-SI unit accepted for use with SI. It is also referred to as a metric ton to distinguish it from the non-metric units of the short ton ( United State ...
s in 2005. Subsequent changes in the relative price of platinum lowered demand for palladium to 17.4 tonnes in 2009. Demand for palladium as a catalyst has increased the price of palladium to about 50% higher than that of platinum in January 2019. In January 2010, hallmarks for palladium were introduced by assay offices in the United Kingdom, and hallmarking became mandatory for all jewelry advertising pure or alloyed palladium. Articles can be marked as 500, 950, or 999 parts of palladium per thousand of the alloy.
Fountain pen A fountain pen is a writing instrument which uses a metal nib to apply a water-based ink to paper. It is distinguished from earlier dip pens by using an internal reservoir to hold ink, eliminating the need to repeatedly dip the pen in an inkw ...
nibs made from
gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile met ...
are sometimes plated with palladium when a silver (rather than gold) appearance is desired.
Sheaffer Sheaffer Pen Corporation () is an American manufacturing company of writing instruments, particularly luxury fountain pens. The company was founded by Walter A. Sheaffer in Fort Madison, Iowa, and incorporated in 1913 to exploit his invention of ...
has used palladium plating for decades, either as an accent on otherwise gold nibs or covering the gold completely. Palladium is also used by the luxury brand Hermes as one of the metals plating the hardware on their handbags, most famous of which being the highly sought after Birkin.


Photography

In the
platinotype Platinum prints, also called ''platinotypes'', are photographic prints made by a monochrome printing process involving platinum. Platinum tones range from warm black, to reddish brown, to expanded mid-tone grays that are unobtainable in silver ...
printing process, photographers make fine-art black-and-white prints using platinum or palladium salts. Often used with platinum, palladium provides an alternative to silver.


Effects on health


Toxicity

Palladium is a metal with low toxicity as conventionally measured (e.g. LD50). Recent research on the mechanism of palladium toxicity suggests high toxicity if measured on a longer timeframe and at the cellular level in the liver and kidney. Mitochondria appear to have a key role in palladium toxicity via mitochondrial membrane potential collapse and depletion of the cellular glutathione (GSH) level. Until that recent work, it had been thought that palladium was poorly absorbed by the
human body The human body is the structure of a Human, human being. It is composed of many different types of Cell (biology), cells that together create Tissue (biology), tissues and subsequently organ systems. They ensure homeostasis and the life, viabi ...
when
ingested Ingestion is the consumption of a substance by an organism. In animals, it normally is accomplished by taking in a substance through the mouth into the gastrointestinal tract, such as through eating or drinking. In single-celled organisms inges ...
. Plants such as the
water hyacinth ''Pontederia crassipes'' (formerly ''Eichhornia crassipes''), commonly known as common water hyacinth is an aquatic plant native to South America, naturalized throughout the world, and often invasive outside its native range.rodents Rodents (from Latin , 'to gnaw') are mammals of the order Rodentia (), which are characterized by a single pair of continuously growing incisors in each of the upper and lower jaws. About 40% of all mammal species are rodents. They are nat ...
suggest it may be
carcinogenic A carcinogen is any substance, radionuclide, or radiation that promotes carcinogenesis (the formation of cancer). This may be due to the ability to damage the genome or to the disruption of cellular metabolic processes. Several radioactive substan ...
, though until the recent research cited above, no clear evidence indicated that the element harms humans.


Precautions

Like other
platinum-group metal The platinum-group metals (abbreviated as the PGMs; alternatively, the platinoids, platinides, platidises, platinum group, platinum metals, platinum family or platinum-group elements (PGEs)) are six noble, precious metallic elements clustered to ...
s, bulk Pd is quite inert. Although contact dermatitis has been reported, data on the effects are limited. It has been shown that people with an allergic reaction to palladium also react to nickel, making it advisable to avoid the use of dental alloys containing palladium on those so allergic. Some palladium is emitted with the exhaust gases of cars with
catalytic converter A catalytic converter is an exhaust emission control device that converts toxic gases and pollutants in exhaust gas from an internal combustion engine into less-toxic pollutants by catalyzing a redox reaction. Catalytic converters are usually ...
s. Between 4 and 108 ng/km of palladium particulate is released by such cars, while the total uptake from food is estimated to be less than 2 µg per person a day. The second possible source of palladium is dental restoration, from which the uptake of palladium is estimated to be less than 15 µg per person per day. People working with palladium or its compounds might have a considerably greater uptake. For soluble compounds such as
palladium chloride Palladium(II) chloride, also known as palladium dichloride and palladous chloride, are the chemical compounds with the formula PdCl2. PdCl2 is a common starting material in palladium chemistry – palladium-based catalysts are of particular value ...
, 99% is eliminated from the body within 3 days. The
median lethal dose In toxicology, the median lethal dose, LD50 (abbreviation for "lethal dose, 50%"), LC50 (lethal concentration, 50%) or LCt50 is a toxic unit that measures the lethal dose of a toxin, radiation, or pathogen. The value of LD50 for a substance is the ...
(LD50) of soluble palladium compounds in mice is 200 mg/kg for
oral The word oral may refer to: Relating to the mouth * Relating to the mouth, the first portion of the alimentary canal that primarily receives food and liquid **Oral administration of medicines ** Oral examination (also known as an oral exam or oral ...
and 5 mg/kg for
intravenous administration Intravenous therapy (abbreviated as IV therapy) is a medical technique that administers fluids, medications and nutrients directly into a person's vein. The intravenous route of administration is commonly used for rehydration or to provide nutrie ...
.


History

William Hyde Wollaston noted the
discovery Discovery may refer to: * Discovery (observation), observing or finding something unknown * Discovery (fiction), a character's learning something unknown * Discovery (law), a process in courts of law relating to evidence Discovery, The Discovery ...
of a new noble metal in July 1802 in his lab book and named it palladium in August of the same year. Wollaston purified a quantity of the material and offered it, without naming the discoverer, in a small shop in
Soho Soho is an area of the City of Westminster, part of the West End of London. Originally a fashionable district for the aristocracy, it has been one of the main entertainment districts in the capital since the 19th century. The area was develop ...
in April 1803. After harsh criticism from Richard Chenevix, who claimed that palladium was an alloy of platinum and mercury, Wollaston anonymously offered a reward of £20 for 20 grains of synthetic palladium ''alloy''. Chenevix received the
Copley Medal The Copley Medal is an award given by the Royal Society, for "outstanding achievements in research in any branch of science". It alternates between the physical sciences or mathematics and the biological sciences. Given every year, the medal is t ...
in 1803 after he published his experiments on palladium. Wollaston published the discovery of
rhodium Rhodium is a chemical element with the symbol Rh and atomic number 45. It is a very rare, silvery-white, hard, corrosion-resistant transition metal. It is a noble metal and a member of the platinum group. It has only one naturally occurring isoto ...
in 1804 and mentions some of his work on palladium. He disclosed that he was the discoverer of palladium in a publication in 1805. It was named by Wollaston in 1802 after the asteroid
2 Pallas Pallas (minor-planet designation: 2 Pallas) is the second asteroid to have been discovered, after Ceres. It is believed to have a mineral composition similar to carbonaceous chondrite meteorites, like Ceres, though significantly less hyd ...
, which had been discovered two months earlier. Wollaston found palladium in crude platinum ore from
South America South America is a continent entirely in the Western Hemisphere and mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere at the northern tip of the continent. It can also be described as the southe ...
by dissolving the ore in aqua regia, neutralizing the solution with
sodium hydroxide Sodium hydroxide, also known as lye and caustic soda, is an inorganic compound with the formula NaOH. It is a white solid ionic compound consisting of sodium cations and hydroxide anions . Sodium hydroxide is a highly caustic base and alkali ...
, and precipitating platinum as ammonium chloroplatinate with ammonium chloride. He added
mercuric cyanide Mercury(II) cyanide, also known as mercuric cyanide, is a compound of mercury. It is an odorless, toxic white powder. It is highly soluble in polar solvents such as water, alcohol, and ammonia; slightly soluble in ether; and insoluble in benzene ...
to form the compound
palladium(II) cyanide Palladium(II) dicyanide is the inorganic compound with the formula Pd(CN)2. A grey solid, it is a coordination polymer. It was the first palladium compound isolated in pure form. In his attempts to produce pure platinum metal in 1804, W.H. Wolla ...
, which was heated to extract palladium metal.
Palladium chloride Palladium(II) chloride, also known as palladium dichloride and palladous chloride, are the chemical compounds with the formula PdCl2. PdCl2 is a common starting material in palladium chemistry – palladium-based catalysts are of particular value ...
was at one time prescribed as a
tuberculosis Tuberculosis (TB) is an infectious disease usually caused by '' Mycobacterium tuberculosis'' (MTB) bacteria. Tuberculosis generally affects the lungs, but it can also affect other parts of the body. Most infections show no symptoms, in ...
treatment at the rate of 0.065 g per day (approximately one milligram per kilogram of body weight). This treatment had many negative
side-effects In medicine, a side effect is an effect, whether therapeutic or adverse, that is secondary to the one intended; although the term is predominantly employed to describe adverse effects, it can also apply to beneficial, but unintended, consequence ...
, and was later replaced by more effective drugs. Most palladium is used for
catalytic converter A catalytic converter is an exhaust emission control device that converts toxic gases and pollutants in exhaust gas from an internal combustion engine into less-toxic pollutants by catalyzing a redox reaction. Catalytic converters are usually ...
s in the automobile industry. Catalytic converters are targets for thieves because they contain palladium and other rare metals. In the run up to year 2000, the Russian supply of palladium to the global market was repeatedly delayed and disrupted; for political reasons, the export quota was not granted on time. The ensuing market panic drove the price to an all-time high of in January 2001. Around that time, the
Ford Motor Company Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobi ...
, fearing that automobile production would be disrupted by a palladium shortage, stockpiled the metal. When prices fell in early 2001, Ford lost nearly
US$ The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...
1 billion. World demand for palladium increased from 100 tons in 1990 to nearly 300 tons in 2000. The global production of palladium from mines was 222 
tonne The tonne ( or ; symbol: t) is a unit of mass equal to 1000  kilograms. It is a non-SI unit accepted for use with SI. It is also referred to as a metric ton to distinguish it from the non-metric units of the short ton ( United State ...
s in 2006 according to the
United States Geological Survey The United States Geological Survey (USGS), formerly simply known as the Geological Survey, is a scientific agency of the United States government. The scientists of the USGS study the landscape of the United States, its natural resources, ...
. Many were concerned about a steady supply of palladium in the wake of Russia's annexation of Crimea, partly as sanctions could hamper Russian palladium exports; any restrictions on Russian palladium exports could have exacerbated what was already expected to be a large palladium deficit in 2014. Those concerns pushed palladium prices to their highest level since 2001. In September 2014 they soared above the $900 per ounce mark. In 2016 however palladium cost around $614 per ounce as Russia managed to maintain stable supplies. In January 2019 palladium
futures Futures may mean: Finance *Futures contract, a tradable financial derivatives contract *Futures exchange, a financial market where futures contracts are traded * ''Futures'' (magazine), an American finance magazine Music * ''Futures'' (album), a ...
climbed past $1,344 per ounce for the first time on record, mainly due to the strong demand from the automotive industry. Palladium reached on 6 January 2020, passing $2,000 per troy ounce the first time. The price rose above $3,000 per troy ounce in May 2021 and March 2022.


Palladium as investment

Global palladium sales were 8.84 million ounces (250.6 tonnes) in 2017, of which 86% was used in the manufacturing of automotive catalytic converters, followed by industrial, jewelry, and investment usages. More than 75% of global platinum and 40% of palladium are mined in
South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...
. Russia's mining company,
Norilsk Nickel Norilsk Nickel (russian: ГМК «Норильский никель»), or Nornickel, is a Russian nickel and palladium mining and smelting company. Its largest operations are located in the Norilsk–Talnakh area near the Yenisei River in the no ...
, 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 driven mainly on speculation of the
catalytic converter A catalytic converter is an exhaust emission control device that converts toxic gases and pollutants in exhaust gas from an internal combustion engine into less-toxic pollutants by catalyzing a redox reaction. Catalytic converters are usually ...
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 The Government of Russia exercises executive power in the Russian Federation. The members of the government are the prime minister, the deputy prime ministers, and the federal ministers. It has its legal basis in the Constitution of the Russia ...
selling stockpiles from the Soviet Era, at a rate of about 1.6 to 2 million ounces (45.4 to 56.7 t) a year. The amount and status of this stockpile are a state secret. During the
Russo-Ukrainian War The Russo-Ukrainian War; uk, російсько-українська війна, rosiisko-ukrainska viina. has been ongoing between Russia (alongside Russian separatist forces in Donbas, Russian separatists in Ukraine) and Ukraine since Feb ...
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.


Palladium producers

*
Norilsk Nickel Norilsk Nickel (russian: ГМК «Норильский никель»), or Nornickel, is a Russian nickel and palladium mining and smelting company. Its largest operations are located in the Norilsk–Talnakh area near the Yenisei River in the no ...
(, ), palladium powder and ingots. *
North American Palladium North American Palladium Ltd. is a former Canadian mining company that operated between 1968 and 2019 and that since 1993 operated the Lac des Iles mine in the Lac des Îles igneous complex of the Thunder Bay District of Ontario. The company prim ...
(), Canada's largest producer of palladium operating the Lac des Iles palladium mine near
Thunder Bay, Ontario Thunder Bay is a city in and the seat of Thunder Bay District, Ontario, Canada. It is the most populous municipality in Northwestern Ontario and the second most populous (after Greater Sudbury) municipality in Northern Ontario; its population ...
. *
Stillwater Mining Stillwater Mining Company () is a palladium and platinum mining company with headquarters located at Littleton, Colorado, United States. It is the only palladium and platinum producer in the USA. The only other North America based palladium/p ...
(), a major North American palladium miner in Montana.


Exchange-traded products

WisdomTree Physical Palladium () is backed by allocated palladium
bullion Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes from t ...
and was the world's first palladium ETF. It is listed on the
London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
as PHPD, Xetra Trading System, Euronext and
Milan Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city h ...
. ETFS Physical Palladium Shares () is an ETF traded on the
New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...
.


Bullion coins and bars

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 Canadian Palladium Maple Leaf is the official bullion palladium coin of Canada. It is issued by the Royal Canadian Mint in .9995 purity. The coins have legal tender status in Canada, but as is often the case with bullion coins, the face val ...
, the Chinese Panda, and the
American Palladium Eagle The American Palladium Eagle is the official palladium bullion coin of the United States. Each coin has a face value of $25 and is composed of 99.95% fine palladium, with 1 troy ounce actual palladium weight. History The Palladium Eagle was aut ...
. The liquidity of direct palladium bullion investment is poorer than that of
gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile met ...
and
silver Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, whi ...
because there is low circulation of palladium coins.


See also

*
2000s commodities boom The 2000s commodities boom or the commodities super cycle was the rise of many physical commodity prices (such as those of food, oil, metals, chemicals and fuels) during the early 21st century (2000–2014), following the Great Commodities Depress ...
*
2020s commodities boom The 2020s commodities boom refers to the rise of many commodity prices in the early 2020s following the COVID-19 pandemic. The COVID-19 recession initially made commodity prices drop, but lockdowns, supply chain bottlenecks, and dovish monetary ...
*
Bullion Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes from t ...
* Bullion coin * Inflation hedge *
Pseudo palladium Pseudo palladium (RhAg) is a binary alloy consisting of equal parts of rhodium (atomic number 45) and silver (atomic number 47) created using nanotechnology to create a far more homogeneous mixture than might be possible using more conventional m ...


References


External links


Palladium
at '' The Periodic Table of Videos'' (University of Nottingham)
Current and Historical Palladium Price


* {{Authority control Chemical elements Noble metals Transition metals Precious metals Native element minerals Chemical elements with face-centered cubic structure