Palladium- The Six-Year Rally Ended at the March 2022 High

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Palladium is platinum’s sister metal and a platinum group metals member. While rhodium, osmium, ruthenium, and iridium are platinum group metals, only platinum and palladium trade on the futures market on the Chicago Mercantile Exchange’s (CME) NYMEX division. The NYMEX is traditionally an energy exchange, hosting crude oil, oil product, natural gas, and other energy futures contracts. Platinum and palladium trade on NYMEX because they are critical metals in oil refining. Their high density and heat resistance make them ideal catalysts in catalytic petroleum and petrochemical crackers or refin…

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