With high palladium trading prices, now is a good time to liquidate your palladium scrap holdings. 

Demand is high. Because palladium is a secondary product that is recovered from platinum and nickel mining, miners have limited ability to increase palladium output in response to rising prices. 

The platinum group metals (PGMs) consist of six chemically and physically similar elements: platinum (Pt), palladium (Pd), rhodium (Rh), ruthenium (Ru), iridium (Ir), and osmium (Os). These metals are often alloyed with each other and with other elements to create materials with specific properties for various industrial and other applications. 

We have written a lot in the past about gold scrap, silver scrap, and platinum scrap.

Today, we would like to take a look at palladium scrap. Why? Because palladium is currently trading at $2,208.00, which compares favorably to gold, which is now trading at $1906.80. Like the trading price of gold, the trading price of palladium has been rising.

It has been a few months since we wrote about palladium on this blog. And it is time to write about it again. Why? Because palladium trading prices are rising steadily. That’s another way of saying that if you acquired some palladium scrap or bullion a few years ago and simply held onto it, you would be making a nice profit on it today.

People confuse palladium and platinum. Both metals are white, lustrous, tarnish-resistant . . . and rare. But if you compare the prices of palladium and platinum jewelry, you will notice immediately that a piece of palladium jewelry sells for about one-third more than a similar piece of platinum jewelry, even though both items weigh about the same.

It’s been a while since we wrote about palladium on our blog. Since we last wrote about this precious metal two years ago, its trading price has risen from about $700 to $800 on the London fix. That’s reason enough to revisit the topic of palladium. And because it is still very feasible to realize a good return from acquiring and recycling this often-overlooked precious metal, we are providing an overview of the basics in today’s blog post. 

We’ve written before on this blog about how to make money recycling gold class rings. Today, let’s take a look at how you can profitably recycle older class rings that contain palladium and platinum. 

Chances are that you only find small quantities of the valuable secondary platinum group metals (palladium, rhodium, ruthenium, iridium, and osmium) hiding in recyclable items that you think are made only of platinum. How can you tell if these rarer metals are present?