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词条 Palladium as an investment
释义

  1. Investment vehicles

     Palladium producers  Exchange-traded products  Bullion coins and bars 

  2. See also

  3. References

{{Refimprove|date=September 2010}}

Palladium as an investment is much like investments in other precious metals.

Global palladium sales were 8.84 million ounces in 2017.[1] 86% of the global palladium production was used in the manufacturing of automotive catalytic converters, followed by industrial, jewelry, and investment usages.[2] Palladium is a by-product of metals such as nickel or copper, and since the 1980s, its major commercial application has been in the automotive industry.[3] More than 75% of global platinum and 40% of palladium are mined in South Africa. Russia's mining company, Norilsk Nickel, produces another 44% of palladium, with US and Canada-based mines producing most of the rest.[4]

The price for palladium reached an all time high of $1,271.80 per Ounce on December 13th 2018[5][6] driven mainly on speculation of the catalytic converter demand from the automobile industry. Palladium is traded in the spot market with the code "XPD". When settled in USD, the code is "XPDUSD". A later surplus of the metal was caused by the Russian government selling stockpiles from the Soviet Era, at a rate of about 1.6 to 2 million ounces a year. The amount and status of this stockpile are a state secret.

Investment vehicles

Palladium producers

  • Norilsk Nickel ({{MICEX-RTS|GMKN}}, {{lse|MNOD}}), palladium powder and ingots.
  • North American Palladium ({{nyse|PAL}}), Canada's largest producer of palladium operating the Lac des Iles palladium mine near Thunder Bay, Ontario.
  • Stillwater Mining ({{nyse|SWC}}), a major North American palladium miner in Montana.[3]

Exchange-traded products

ETFS Physical Palladium ({{lse2|PHPD}}) is backed by allocated palladium bullion and was the world's first palladium ETF. It is listed on the London Stock Exchange as PHPD,[7] Xetra Trading System, Euronext and Milan. ETFS Physical Palladium Shares ({{nyse2|PALL}}) is an ETF traded on the New York Stock Exchange.

Bullion coins and bars

{{see also|Palladium coin}}

A traditional way of investing in palladium is buying bullion coins and bars made of palladium. Available palladium coins include the Canadian Maple Leaf, the Chinese Panda, and the American Palladium Eagle. The liquidity of direct palladium bullion investment is poorer than that of gold and silver because there is low circulation of palladium coins and a wider spread between buying and selling price.{{Citation needed|date=August 2007}}

See also

  • Chartered Alternative Investment Analyst
  • Alternative investment
  • Traditional investments
  • Diamonds as an investment
  • Gold as an investment
  • Platinum as an investment
  • Silver as an investment
  • London Platinum and Palladium Market

References

1. ^{{Cite web|url=https://www.statista.com/statistics/418218/global-palladium-supply/|title=Total palladium supply worldwide 2017 {{!}} Statistic|website=Statista|language=en|access-date=2018-10-15}}
2. ^{{Cite web|url=https://www.statista.com/statistics/254543/global-palladium-demand-by-sector/|title=Global palladium demand distribution by application 2016 {{!}} Statistic|website=Statista|language=en|access-date=2018-10-15}}
3. ^{{cite web|url=http://www.elementinvesting.com/investing_in_lithium.htm|title=How to Invest in Palladium|publisher=elementinvesting.com|accessdate=2015-04-28}}
4. ^{{cite web|url=http://www.iii.co.uk/articles/22030/how-trade-platinum-and-palladium|title=How to trade platinum and palladium|last=Louth|first=Nick|date=16 December 2011|publisher=iii.co.uk|accessdate=2015-03-25}}
5. ^{{cite web |url=https://www.bloomberg.com/news/articles/2018-11-15/palladium-soars-to-record-on-tight-supply-bets-on-china-demand}}
6. ^{{Cite web|url=https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1100&year1=200101&year2=201807|title=CPI Inflation Calculator|website=data.bls.gov|access-date=2018-08-13}}
7. ^{{cite web|url=http://www.londonstockexchange.com/exchange/prices-and-news/stocks/summary/company-summary.html?fourWayKey=JE00B1VS3002JEUSDETCS|title=ETFS METAL PAL ETP price (PHPD) |publisher=London Stock Exchange}}
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2 : Palladium|Precious metals as investment

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