Palladium is a platinum group metal along with platinum, iridium, rhodium, ruthenium, and osmium. About half the demand for palladium is for use in automobile catalytic converters. It's also used in many electronic devices, jewelry, and dentistry.
According to 2006 numbers from the International Platinum Group Metals Association, Russia is home to about half the world's supply of palladium, with South Africa at 36 percent and North America at 12 percent.
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