By CultureBanx Team
Palladium is one of the best-performing commodities of 2018
40% of palladium comes as a byproduct of platinum mining in South Africa
Palladium, usually ignored in favor of gold, silver and platinum has recently eclipsed them all, and is one of the best-performing commodities of 2018. The metal is typically used in cars along with jewelry and is on track to become more valuable than gold for the first time in 16 years. About 40% of palladium supply comes as a byproduct of platinum mining in South Africa.
Why This Matters: Over the past two decades, the metal has been slowly replacing platinum as a lower-cost material for the pollution-control of catalytic converters on gasoline-powered vehicles. More than 80% of the world’s palladium is used for this purpose.