What is Palladium and why is it so expensive?

Palladium is one of the most expensive precious metals in the world and it’s critical to limiting the pollution caused by internal combustion engines. The metal is a secondary product from mining other metals and is mostly sourced from Russia and South Africa. The price of palladium has always been volatile and even with the future of EV vehicles, demand remains high.

Palladium and gold graph
Source: Bloomberg

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