Palladium, Pd on the periodic table, is a chemical element belonging to the platinum group. Industries use over half of extracted palladium to reduce car emissions through converting harmful gases from auto exhaust (hydrocarbons, carbon monoxide, nitrogen dioxide) into less-harmful substances (nitrogen, carbon dioxide, water vapor). Palladium also appears in electronics, medicines and the tech industry for fuel cells.
The largest deposits of palladium exist in South Africa, Canada, United States and Russia. Those limited supplies as well as its many uses, make palladium an enticing opportunity for investors. However, as the auto industry faces potential threats from geopolitics tensions, subsequent oil trade conflicts or energy reform, palladium might be a riskier investment than many are willing to chance.