A Metal for the God's
Named after the asteroid, Pallas, the Greek goddess of wisdom, palladium is a precious metal with a very practical modern-day application: It is a vertiable sponge for pollution. It may, in fact, be the world’s greatest pollution sponge. It’s estimated that palladium can absorb some 900 times its weight in harmful gases, making it superior to even platinum for use in catalytic converters. And it is automobiles that use most of the palladium produced today -- some 60 percent of it is taken up with this application alone.
A Demand Driven by Environmental Concerns
Demand for the metal only appears to be on the rise. Discovered in 1803 by a man named, Wollaston, palladium is found with platinum and other metals of this group predominently in the former Soviet Union, The Russians produce over two-thirds of the world’s supply, and have not been shy about exerting an OPEC-like control over the metal. Palladium is also used in jewelry, dentistry, watchmaking, and in producing electrical contacts and surgical instruments. It’s also a critical part of hydrogen peroxide, which is displacing poisonous chlorine in many industrial processes.
Named after the asteroid, Pallas, the Greek goddess of wisdom, palladium is a precious metal with a very practical modern-day application: It is a vertiable sponge for pollution. It may, in fact, be the world’s greatest pollution sponge. It’s estimated that palladium can absorb some 900 times its weight in harmful gases, making it superior to even platinum for use in catalytic converters. And it is automobiles that use most of the palladium produced today -- some 60 percent of it is taken up with this application alone.
A Demand Driven by Environmental Concerns
Demand for the metal only appears to be on the rise. Discovered in 1803 by a man named, Wollaston, palladium is found with platinum and other metals of this group predominently in the former Soviet Union, The Russians produce over two-thirds of the world’s supply, and have not been shy about exerting an OPEC-like control over the metal. Palladium is also used in jewelry, dentistry, watchmaking, and in producing electrical contacts and surgical instruments. It’s also a critical part of hydrogen peroxide, which is displacing poisonous chlorine in many industrial processes.
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