About Palladium
Palladium is an element with the chemical symbol Pd. It is a rare silvery-white metal discovered by William Hyde Wollaston in 1983. William named palladium after the astroid Pallas.
Palladium, rhodium, ruthenium, iridium, osmium are a group of elements commonly referred to as the platinum group metals (PGMs).
One in four goods manufactured today either contain platinum group metals or has manufacturing processes facilitated by PGMs.
Over half the supply of palladium goes into catalytic converters. Other uses of palladium are computers, mobile phones, capacitors, component plating, televisions, dentistry, medicine, fuel cells, and jewelry.
The rarity of the platinum group metals means extraordinary prices.
-Now you know why that catalytic converter you had to replace cost so much.-
The Research
University professor Hiroshi Kitagawa and his team figured out a way to mix rhodium and silver to produce a new composite metal with similar properties to palladium.
The process nebulises the rhodium and silver by gradually mixing them with heated alcohol. This produced stable material at the atomic level.
DOING THE MATH:
As of this writing rhodium is $2380.00 per ounce, silver is at $30.90 per ounce and palladium is $800.00 per ounce. So, take one ounce of rhodium at $2380. and one ounce of silver at $30.90 and you might net two ounces of palladium-like material. For only $2410.90 + expenses. Or, for around the same cost, you could just buy 3 ounces of real palladium.
Keep working to keep the dream of alchemy alive boys.
Sources:
Kitco.com
Physorg.com
Wikipedia.com
Luxurypalladium.com -image-
Pete Skenandore
February 5, 2011
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