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Interesting Facts About Palladium

Interesting Facts About Palladium

Palladium prices have risen by a stunning 18.6% in 2020, making it one of the top precious metal performers of this current year. It is a soft, silvery-white metal that is used to make jewelry and electronics components, among other things.  Here are some interesting facts about palladium that may surprise you!

Named After an Asteroid

Palladium is a rare silvery-white metal discovered in 1803 by William Hyde Wollaston and named after the asteroid Pallas. The name of the asteroid is taken from the Greek goddess Pallas. A lot of people love having palladium as their jewelry as Pallas symbolizes wisdom in ancient Greek mythology. At one time, it was called white gold due to its rarity and value.

Helps Reduce Emissions

Palladium finds use in jewelry and electronics, but it’s also valued for its chemical properties and resistance to corrosion from hydrogen and chlorine, making it ideal as an autocatalytic converter which helps to reduce harmful emissions. An overwhelming majority of the precious metal goes into the manufacturing of combustion engines and catalytic converters.

It Is Resistant to Scratching

The scratch resistance of palladium is a result of its hardness. The hardness of palladium is greater than that of gold which makes it difficult to scratch palladium even with a diamond, unlike all other precious metals, which can be scratched with a diamond at moderate pressures. Because of its corrosion resistance, you can expect that your jewelry won’t tarnish or erode over time. It also has the lowest melting point among the platinum metal groups at 2830.82 °F.

It Is Hypoallergenic

People who wear palladium won’t experience allergic reactions to it as the metal is hypoallergenic. This is why precious metal is the preferred metal for jewelry for brides with sensitive skin.

Mostly Mined in Russia and South Africa

Palladium is largely mined in Russia and South Africa. Other countries where it is mined include Australia, British Columbia, Norway, and California in the US.

Want to Invest in Precious Metals to Make Money?

Orion Metal Exchange is one of the most trusted and well-known precious metals investment dealers in all of America with experience of more than 50 years. We help people invest their hard-earned money in a wide variety of precious metals such as silver, gold, palladium bars, platinum bullion bars, as well as gold and silver IRA.

To learn about the benefits of investing in precious metals and how our services can help, call us at 1-800-559-0088. You can also email us at support@orionmetalexchange.com.

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