Palladium is a shiny silvery-white metal that is slightly harder than platinum, but can be forged very well and rolled into thin foils like gold. Because of its low melting point and reactivity, palladium can absorb very large amounts of hydrogen. The resulting metal hydrides are particularly suitable for the production of hydrogen storage systems. Palladium in finely divided form, e.g. on activated carbon or silica, is an important catalyst for chemical reactions. White gold is a gold-palladium alloy with a gold content of about 60 to 80%. The alloy is popularly used in rings and jewelry. Palladium is used as an electrode material in fuel cells and as a storage material for hydrogen in hydrogen cars. It is increasingly being used in exhaust gas catalytic converters as a substitute for the more expensive platinum.
Trade data on Palladium
Product symbol: PA
Trade: CME GROUP (CME Globex, CME ClearPort, Open Outcry / New York)
Contract size: 100 troy ounces
Trade price: USD and cents per troy ounce
Minimum trade movement: 0.05 USD per fine ounce
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