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What is the reason Palladium's spot went up so much
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<p>[QUOTE="E Pluribus Unum, post: 2765021, member: 74265"]I have been following platinum, palladium, and rhodium for some time now. Not as an investor, but as a chemist. I recall ordering rhodium to use as a catalyst in the lab and at that time (late 80's early 90's) it was well over $4,000 an ounce. We would store it under lock and key. On the other hand, palladium was considered one the cheaper catalysts - less than $100 an oz. We would store palladium on our bench top along with the rest of the common reagents. At that time, I would never have thought that the price of palladium would be the same as rhodium and at about $1,000 per oz. Since that time, there was a lot of research done to employ cheaper metals (like palladium) in place of rhodium. Rhodium has become "extinct" whereas palladium has been put in the spotlight - at least in the chemistry lab. There was much interest in "exotic" metals during that time, but I have yet to see samarium on the market. I can see neodymium rise in value - it makes for a powerful magnet. Silver is slightly attracted to neodymium magnets - it makes for a crude test for silver coins & bullion. You can get them cheap from Amazon.[/QUOTE]</p><p><br /></p>
[QUOTE="E Pluribus Unum, post: 2765021, member: 74265"]I have been following platinum, palladium, and rhodium for some time now. Not as an investor, but as a chemist. I recall ordering rhodium to use as a catalyst in the lab and at that time (late 80's early 90's) it was well over $4,000 an ounce. We would store it under lock and key. On the other hand, palladium was considered one the cheaper catalysts - less than $100 an oz. We would store palladium on our bench top along with the rest of the common reagents. At that time, I would never have thought that the price of palladium would be the same as rhodium and at about $1,000 per oz. Since that time, there was a lot of research done to employ cheaper metals (like palladium) in place of rhodium. Rhodium has become "extinct" whereas palladium has been put in the spotlight - at least in the chemistry lab. There was much interest in "exotic" metals during that time, but I have yet to see samarium on the market. I can see neodymium rise in value - it makes for a powerful magnet. Silver is slightly attracted to neodymium magnets - it makes for a crude test for silver coins & bullion. You can get them cheap from Amazon.[/QUOTE]
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What is the reason Palladium's spot went up so much
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