Palladium (PAU23) is one of the six platinum group metals, including platinum, rhodium, osmium, ruthenium, and iridium. Platinum group metals, or PGMS, are transition metals on the periodic table of elements with high heat and corrosion resistance. Platinum group metals are precious because they are rare but have many industrial applications.
Platinum (PLV23) and palladium are the only PGMs that trade on the futures market on the Chicago Mercantile Exchanges’ NYMEX division that lists energy contracts. Platinum and Palladium trade on the NYMEX because of their requirements in oil and petrochemical refining catalysts.
