Pd

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:

  1. Flotation, smelting, and base metal refinery
  2. Selective precipitation and solvent extraction
  3. 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.

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