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Seeking Alpha reports that palladium is an extremely rare element that is used widely in catalytic converters for automobiles and can be invested in through ETFs, ETPs and companies.
Seeking Alpha reports that palladium is an extremely rare element that is used widely in catalytic converters for automobiles and can be invested in through ETFs, ETPs and companies.
The market news is quoted as saying,
South Africa and Russia have historically accounted for the majority of global palladium mining, and South Africa is home to a significant portion of known PGM reserves. The United States and Canada are also major palladium mining locations, though the U.S. has historically been a major palladium importer. As recently as 2008, the U.S. relied on imports for close to 80% of palladium consumption; that figure has declined to about 60% in recent years.