The world's most expensive metal.
At the writing of this, the market price is over $1,100 per troy ounce
. This can be compared to the prize of gold
, which is about $270 per oz, and platinum
Palladium can be found in Norilsk Siberia, Sudbury Canada, Stillwaater Montana US and in Bushveld in South Africa. That's about it. The company Norilsk Nickel produces over 40% of the world's palladium - as well as 20% of the world's nickel and platinum.
About half of the palladium produced is used for microelectronic manufacturing - integrated circuits and components. 30% end up in people's mouths as dental alloys. 10% is used for exhaust cleaning in cars, and 5% is made into jewelry.
2002.04.20@00:59 CentrX says re Palladium: According to http://pearl1.lanl.gov/periodic/elements /46.html palladium is $150/troy oz
It looks like the current market price is about $350. http://www.kitco.com/market/