Palladium is the most expensive of the four major precious metals: gold, silver and platinum are the others. It is rarer than platinum and is used in large quantities for catalytic converters. In the short term, demand for metals used in catalytic converters is expected to remain stable, driven by rising car sales in Asia. However, the increase in the adoption of battery-powered electric vehicles — which do not use catalytic converters — could affect demand for palladium.
The first is recovered as a by-product of the typical spent fuel in a nuclear reactor, after the fuel has been irradiated (“burned”) for about three years. The second is manufactured especially for military purposes and is recovered from uranium fuel that has been irradiated for only 2 or 3 months in a plutonium production reactor. The two types differ in their isotopic composition, but both should be considered a potential proliferation risk and managed accordingly. Biltmore is the best source for people who want to sell jewelry or diamonds or obtain loans on valuables.