The term Spot price for palladium (and other precious metals) refers to the current price of the metal as it is traded via contracts in the futures markets. Technically speaking the spot price is the price of the most recent trade, for a contract with the nearest available delivery date. The “spot price” is a paper price.
Why is palladium more expensive than platinum
The palladium market has risen again: pure palladium is more expensive than platinum. Since the metal market is quite volatile, all this can change. However, with this energy, the price of palladium is now similar to platinum – our palladium rings are only slightly cheaper than platinum due to the density of platinum.
What is the spot price for palladium
The term “spot price” for locating palladium (and other precious metals) refers to the current price of iron traded under agreements in the futures markets. Technically, the spot price is the price of the last trade associated with the contract with the earliest available delivery date. The “spot price” is, of course, the paper price.
Why is Palladium so expensive
You can often read more about palladium in Commodity.com’s guides: Palladium as a Commodity: A Guide to Palladium as a Club discussing mining, labour, distribution and use around the world.
Trading Palladium: An alternative palladium guide showing how to trade and where to do it.
London Metal Exchange: European Metal Exchange with Real Volumes of Palladium (LBMA Palladium).
Should I buy Palladium
Palladium only slightly shares the thoughts of yesterday’s losses and in no way expects the appearance of offers to buy or sell these assets. You must do thorough research before making any trading decisions.
Where is palladium most commonly found
Palladium has been found uncombined in the Brazilian environment, but most of it is found as sulfides in minerals such as braggite. It is produced commercially as a specific by-product of nickel refining. It is also likely obtained as a by-product of truckers and zinc refining.
Where can you mine palladium
Palladium is typically found only in its complete, pure, and jewelry-associated form in sulfide concentrations in mafic igneous rocks. It is excavated in Russia, USA (Montana), Zimbabwe, Australia, Canada and Finland.