Palladium price. Today - online quotes for commodity exchange
Palladium price on the stock exchange today is shown in online. Values are expressed in us dollars per Troy ounce (1 oz t. = 31,1 g).
Palladium is a noble metal, which is produced mostly in the processing of the sulfide ores of copper, silver and Nickel. Has a silvery white, and also a number of useful properties - wear resistance (resistance to corrosion), plasticity, heat, etc.
The metal is widely used in various branches of industry: acts as a catalyst in the high-temperature processing of oil; used in the purification of hydrogen; used in the automobile industry and electrical engineering in the production of the aerospace and military equipment; electrical contacts cover palladium to prevent arcing.
Palladium price is established in several places
1. On the international market in London (The London Palladium and Platinum Fixing Company) in United States dollars per Troy ounce.
2. The Bank of Russia - in Russian rubles for one gram.
3. In the derivatives section of RTS MICEX - in $ per oz t. (the futures contract on palladium). This tool is a settlement, its price is based on the cost of the international futures. The current quotes are presented in the table on the left (figure practically completely coincides with the data on the graph above). The tool is available Russian speculators and investors.
Production and consumption
The basic countries-suppliers of raw material are Russia (41%), South Africa (38%), Canada (9%), the USA (6%) and other countries (6%). The main consumers of European countries, Japan, China and North America.
The largest Russian company for production of palladium is MMC Norilsk Nickel, which has rich deposits of raw materials on the territory of the Russian Federation. In South Africa - it's Impala Platinum, Anglo Platinum, in the USA Stillwater Mining Company.
An alternative way of investment in this metal, in addition to the futures contract is the purchase of shares of mining companies, because. Palladium price direct impact on the capitalization of these organizations.
