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Palladium could extend this year's near 30% price decline as the rapid rise of electric vehicles threatens to hammer demand for the autocatalyst metal at a time broader economic weakness and chart ...
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Listed here are mainly average market prices for bulk trade of commodities. Data on elements' abundance in Earth's crust is added for comparison. As of 2020, the most expensive non-synthetic element by both mass and volume is rhodium. It is followed by caesium, iridium and palladium by mass and iridium, gold and platinum by volume.
The price for palladium reached an all-time high of $2,981.40 per ounce on May 3, 2021, [98] [99] driven mainly on speculation of the catalytic converter demand from the automobile industry. Palladium is traded in the spot market with the code "XPD". When settled in USD, the code is "XPDUSD".
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This article summarizes the world palladium production by country. This is a list of countries by palladium production in kilograms, based upon data from the United States Geological Survey. [1] In 2019, the world production of palladium totaled 210,000 kilograms—down 5% from 220,000 kg in 2018.
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In 1973, metal dealers established "London Platinum and Palladium Quotation"—a forerunner of the fixings. The prices for platinum and palladium were settled twice a day on the spot market. In 1979, leading dealers from London and Zurich signed an agreement to standardize the origin and specifications of the metals of the good delivery quality.