Palladium is used as a catalyst for precious metals because it is easy to process and hard to oxidize. It belongs to the same platinum group as platinum and is classified as a noble metal. It excels in absorption properties and has the lowest density and melting point among inactive metals, so it has excellent workability. Because of this, it is widely used in various industries, and the demand for investment is increasing in recent years.
Global demand for palladium is declining due to limited supply and high demand. For this reason, palladium is now rarer than gold or platinum. Due to the scarcity and increasing demand for precious metals, palladium has attracted many investors.