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Author: Admin | 2025-04-27
Invest in palladium stocks and other asset classes with Interactive Brokers.Often compared to platinum, palladium is a precious metal largely found in Russia, South Africa, the U.S. and Canada. Palladium has a variety of uses in several industries, including the jewelry, dentistry and electrical industries, but its most widespread application consists of the manufacture of catalytic converters for the automotive industry. Palladium stocks can be a great investment. Catalytic converters control exhaust emissions to minimize the pollutants expelled by automobile engines. Because of palladium’s use in catalytic converters, one of the principal drivers of the market for palladium and palladium stocks is automobile production. A whopping 84% of global palladium annual demand comes from the automotive industry, so palladium tends to appreciate when car sales are high.Despite the initial slowdown in automotive sales due to the COVID-19 pandemic, the need for palladium for other uses and the increasing difficulty in sourcing the precious metal has been a key factor in palladium’s recent notable price rise.Furthermore, according to Statista, 75% of all mined palladium comes from Russia and South Africa, so natural disasters and geopolitical events in those countries could substantially affect global supplies of palladium and hence its price. For example, a contributing factor to the recent sharp rise in palladium prices was the announcement in March 2021 that Russia's top producer Nornickel experienced flooding at its mines that would reduce its palladium output.5 Best Palladium Stocks to Invest inWhat are Palladium Stocks?Features to Look for in Palladium StocksSee All 6 Items5 Best Palladium Stocks to Invest inHere are Benzinga's top picks for the best palladium stocks to invest in right now.1. Sibanye Stillwater (NYSE: SBSW)Founded in 2013 and headquartered in Weltevreden Park, South Africa, Sibanye-Stillwater Limited is an international precious metals mining concern with global operations in North and South America and Southern Africa. The company’s diverse portfolio of operations include gold mining operations in South Africa, as well as PGM mining operations in Zimbabwe, Canada and Argentina. Sibanye-Stillwater’s mining operations also generate valuable by-products, including iridium, ruthenium, copper, nickel and chrome. The miner owns the Stillwater and East Boulder mines in Montana that are the only palladium mines in the United States.2. Ivanhoe Mines (OTCQX:IVPAF)Vancouver, Canada-based Ivanhoe Mines Ltd explores, develops and recovers PGMs, other metals and minerals. Mostly operating in Africa, the company owns a 100% interest in the Western Foreland exploration project in the Democratic Republic
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