What is Palladium?
Palladium is a chemical element with the symbol Pd and atomic number 46. It is a rare and lustrous silvery-white metal discovered in 1803 by the English chemist William Hyde Wollaston.
How much does palladium cost in South Africa?
Advertisement Palladium Price Per Ounce In Rand
| OUNCE | RAND | OUNCE |
|---|---|---|
| 1 Ounce = | 30223.3 ZAR | 0.00003 ZAR |
| 2 Ounce = | 60446.6 ZAR | 0.00007 ZAR |
| 5 Ounce = | 151116.6 ZAR | 0.00017 ZAR |
| 10 Ounce = | 302233.1 ZAR | 0.00033 ZAR |
How much does palladium sell for?
You benefit from the lowest costs for buying, selling and storing palladium, starting from 1 gram at a time – just a fraction of one ounce.
…
Palladium Price Live Chart.
| PALLADIUM PRICE LAST WEEK | |
|---|---|
| Week Low | R125673.91 |
| Week Change | +R6479.75(5.15%) |
Where is palladium found in South Africa?
Mogalakwena sits in the Northern limb of the South African platinum belt where the ore contains relatively more palladium. But most mines owned by the major miners sit on the Western limb. They contain more platinum, are older and much deeper, making them more expensive and labor intensive to mine.
What is more expensive gold or palladium?
While the price of spot gold is $1,758.51 per ounce (Rs 1,30,585.11 for 28.3 g), palladium’s price is much higher. The current spot price of palladium is $2,556.00 per ounce (Rs 1,89,805.88 per 28.3 g). The cost of the silvery-white metal is also higher than its more famous group member, platinum.
Does South Africa produce palladium?
In 2021, the mine production of palladium in South Africa reached an estimated 80 metric tons. South Africa is one of the leading palladium producing countries in the world. Global palladium production was estimated to be 200 metric tons in 2021.