Who Are the Top Buyers of Palladium & Why?

Palladium has become popular for many reasons, including its purity and durability. Whether it’s being purchased for everyday jewelry or to boost a portfolio, more buyers and sellers are taking advantage of this precious metal. Below, the precious metals experts from First National Bullion, the palladium, silver, and gold dealers San Diego collectors rely on for outstanding quality and service, identify the most common investors buying palladium and the benefits each looks for when purchasing it.

Automotive Industry

The largest palladium buyer is currently the automotive industry, often accounting for over 80 percent of the precious metal’s global demand. The exhaust systems and catalytic converters for this industry’s vehicles use palladium along with other essential products.

Palladium converts nitrogen oxide, carbon monoxide, hydrocarbons, and other toxic gasses into less harmful substances, making it a popular precious metal in the automotive sector. Palladium has low temperatures the auto world seeks, especially when producing gasoline-powered vehicles. This precious metal can also improve engine performance and fuel efficiency for automobiles, making it even more sought after. To boost vehicles’ ability to provide eco-friendly transportation per the government and consumers’ demand, palladium continues to shape the auto world.

Dentistry

The dental industry uses palladium for its corrosion resistance, strength, costs, and biocompatibility, making dentistry one of the fields that purchases the most of this precious metal. Palladium’s strength impresses dental technicians, especially with bridges and crowns.

Compared to other precious metals, specifically platinum, palladium has the lowest melting point and is the least dense. This provides it with excellent biocompatibility the oral environment needs for patients.

In the past, gold was a standard material used in dental restorations, but palladium is just as beneficial and cost-efficient. Therefore, dentists can offer high-quality products and services to patients without imposing the premium costs that typically accompany gold-related materials used with oral procedures.

Electrical Industry

This industry is known as a top buyer of palladium because of its corrosion resistance and electrical conductivity. Palladium’s resistance to oxidation can preserve electrical connections for long periods, and industry professionals can alloy it with other products to develop materials with good properties.

Palladium’s low electrical resistivity helps it maintain an ideal electrical connector coating. Additionally, it’s known as an excellent conductor of electricity due to its ability to provide a durable layer.

Another reason this field invests in palladium is its thermal conductivity, which dissipates heat efficiently. Therefore, in sinks and other thermal applications, this precious metal is more useful.

Jewelry Industry

Qualities palladium is known for are its malleability, hypoallergenic properties, and durability, making it sought after in the jewelry industry. Jewelers appreciate the higher purity that comes with palladium, compared to gold and other precious metals. With rings, necklaces, and various everyday jewelry, palladium can maintain its color, strength, weight, and scratch resistance.

Whether you’re a veteran palladium collector or you’re looking to buy San Diego gold and bullion, reach out to the experts at First National Bullion. We offer a huge selection of palladium, gold, platinum, and silver items. San Diego collectors who are looking for the finest-quality coins, bars, and bullion should give us a call to speak with one of our precious metals experts. 

The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.