Procurement Resource Evaluates the Price Trends of Palladium in its Latest Insights and Dashboard
Price Trends of Palladium in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Palladium price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends. Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; Customisation of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of Palladium can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Product Description:
The well-known chemical element palladium is a member of the platinum group of metals, a metal allergy, and a member of the nickel group of elements. One of the precious and lustrous silvery-white metals is palladium. Of the platinum group metals, it has the lowest melting point and is also the least dense. Palladium is primarily used in the automotive industry’s catalytic converters.
Regions Covered to Evaluate Palladium Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting Palladium Price Trend:
Palladium has taken the position of platinum in some on-road diesel engine autocatalyst components, and it is largely employed as a catalyst in gasoline-powered on-road vehicles. Palladium is also used as conductive pastes, electrical plating, and other electrical components, particularly multi-layer ceramic capacitors (MLCCs).
Key Market Players:
- Norilsk Nickel Mining and Metallurgical Company
- Russian Platinum
- Johnson Matthey
- Heraeus Holding
- Shanxi Kaida Chemical Engineering Co., Ltd
- Anglo American Platinum Ltd
News and Events:
In March 2022, palladium prices in European markets reached a more than seven-month high due to concerns about supply restrictions brought on by strong sanctions against leading producer Russia, while the Ukraine crisis and rising inflation increased demand for safe-haven gold. As automakers employ palladium in catalytic converters to decrease pollution, spot prices rose 4.1 percent to 2,779.09 USD/oz, the highest level since mid-July.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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