Regulatory Change for Palladium in United States
The U.S. Mint canceled its study to explore producing a palladium bullion coin in December 2011 due to procurement issues.
Palladium trade
Palladium is a precious metal that belongs to the platinum group metals (PGMs) and is primarily sourced from Russia, followed by South Africa, Canada, and the United States. It has a silvery-white appearance and is resistant to corrosion, making it highly valuable in various industrial applications. The primary use of palladium is in catalytic converters for automobiles, which reduce harmful emissions. It also has applications in electrical contacts, jewelry, dentistry, chemical processes, and fuel cells, considere...
Palladium is a precious metal that belongs to the platinum group metals (PGMs) and is primarily sourced from Russia, followed by South Africa, Canada, and the United States. It has a silvery-white appearance and is resistant to corrosion, making it highly valuable in various industrial applications.
The primary use of palladium is in catalytic converters for automobiles, which reduce harmful emissions. It also has applications in electrical contacts, jewelry, dentistry, chemical processes, and fuel cells, considered a clean energy source. Palladium's catalytic properties make it an essential component in these industries.
Palladium is traded on exchanges such as the New York Mercantile Exchange (NYMEX) and the Tokyo Commodity Exchange (TOCOM), typically in bar or ingot form. Its price is influenced by factors including supply and demand, economic conditions, and geopolitical events. The production of semi-manufactured palladium involves mining, concentration, smelting, and recycling of materials to produce the raw palladium product.
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Market intelligence
The U.S. Mint canceled its study to explore producing a palladium bullion coin in December 2011 due to procurement issues.
Zimbabwe's Unki Mine was commissioned in January 2011, marking its first full year of production.
SMC entered a 3‑year supply agreement with General Motors in January 2011 to deliver fixed quantities of palladium.
SMC had pending 1‑year palladium and platinum supply agreements with Johnson Matthey plc and Ford Motor Co. in 2011.
Vale Inco Ltd. ended a year‑long strike in July 2010, resuming production of palladium and platinum.
North American Palladium Ltd. reopened its Lac des Isles Mine after a period of care-and-maintenance.
North American Palladium's Lac des Isles Mine was placed on care-and-maintenance status in October 2008, suspending production.
Stillwater entered a supply contract in late 2004 that boosted secondary recovery of palladium to 1,650 kg.
Total secondary recovery of PGMs increased to 5,130 kg in 2004, with 1,650 kg palladium recovered.
North American Palladium installed an additional secondary crusher to increase ore throughput, potentially doubling palladium output by 2006.
Norilsk Nickel continued its moratorium on spot sales of palladium, limiting market supply.
Revised FY 1998 Annual Materials Plan proposed sale of 9,331 kg of palladium from the National Defense Stockpile.
Stillwater Mine in Montana began sinking a new 530‑meter palladium shaft adjacent to its concentrator, expanding its ore‑processing capacity.
The concentrator at Stillwater Mine was expanded, increasing its capacity to process platinum‑group metals from the newly sunk shaft.
Stillwater Mine replaced its mobile fleet of equipment, improving ore handling and processing throughput.
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