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This precious metal is one of six metallic elements collectively known as platinum group
metals (PGM). The other five members of PGM include ruthenium, rhodium, palladium,
osmium, and iridium.
The official discovery of palladium is attributed to William Hyde Wollaston in 1803, who
named the element after an asteroid – Pallas. Palladium is found in ore deposits in Russia,
Australia, South and North America. Palladium may often be tied closely to nickel
production in places like South Africa, Siberia, and Ontario, Canada. It can also be found
in gold or copper ores.
Palladium sources on a global level are illustrated as follows:
Palladium is soft and silver-white like platinum and does not tarnish in air. It is harder
and lighter than platinum. Where commercial deposits are concerned, the largest
estimated deposits – over 90% of the world total – occur at the Bushveld Igneous
Complex in South Africa and in Norilsk in Siberia. Palladium can also be recycled.
According to the USGS, nearly 10,400 kilograms of platinum group metals were
recovered from scrap in 2006.
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