Palladium
Refining & Grade Specs
Palladium Refining Methods and Grade Specifications
The transformation of Palladium concentrate into refined products suitable for industrial use requires specialized metallurgical and chemical processes. Palladium is refined into 4 primary commercial forms, each serving specific end-use sectors.
Price
1,678-1,718
$/oz (53,900-55,200 $/kg)
Benchmark
LBMA/Johnson Matthey
Ore Grade
2-8 g/t PGM (Pd-rich in Stillwater and Norilsk)
Product Forms
4
Commercial grades
Refining Processes
The primary refining and processing pathways for Palladium include:
- Flotation, smelting, and base metal refinery
- Selective precipitation and solvent extraction
- Refining to sponge or ingot
Product Forms and Grade Specifications
Refined Palladium is available in the following commercial forms, each with specific purity requirements:
| Product Form | Purity / Grade | Primary Application |
|---|---|---|
| Palladium sponge | 99.95%+ | Autocatalyst manufacture |
| Palladium ingot/bar | 99.95%+ | Investment, industrial use |
| Palladium salts | Various | Electroplating, chemical catalysts |
| Palladium on carbon catalyst | 5-10% Pd loading | Pharmaceutical and fine chemical synthesis |
Quality Standards and Benchmarks
International standards for Palladium products are established by organizations such as ASTM International and various national standards bodies. Pricing is referenced against LBMA/Johnson Matthey assessments. These standards define minimum purity levels, acceptable impurity limits, and testing methodologies that facilitate international trade.
Refining Capacity and Geography
Global refining capacity for Palladium is concentrated in a limited number of countries. Russia controls approximately 40% of primary production and plays a significant role in downstream refining. Efforts to diversify refining capacity are a key priority for governments seeking to reduce supply chain dependencies, particularly in the gasoline catalytic converters sector.
More on Palladium
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Uses & Applications
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Supply Chain
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Mining & Processing
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Recycling
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Substitutes
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Investing
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