The Global Importance of Palladium (XPD)
Palladium is one of the world's most valuable precious metals. While gold is a monetary asset, palladium is primarily an industrial commodity. Over 80% of global palladium production is used in the manufacturing of catalytic converters for gasoline engines, helping to reduce toxic emissions.
Because the primary producers are concentrated in Russia and South Africa, the XPD/USD price is highly sensitive to geopolitical events and supply chain disruptions.