Palladium
While Palladium may be lesser known for its investment potential than most other metals, there is a growing demand for it around the world. Its use in manufacturing and industrial processes, healthcare, along with its strong catalytic capabilities, have led to greater interest in it. It offers an alternative to other metals in your portfolio and has some compelling advantages:
Automotive applications – Palladium is a key component in catalytic converters used in automobiles. With growing demand for vehicles in emerging markets like China and India, the demand for Palladium is likely to remain strong, especially given its scarcity.
Restricted supply may drive up prices – Three-fourths of the world’s supply of Palladium mined in two countries is – Russia and South Africa. With geopolitical tensions and labor disputes potentially affecting these two countries, supply disruptions may drive prices higher.
Portfolio diversification – The widespread use of Palladium across industries and geographies allows for some protection against economic uncertainties, making it a valuable addition to an investment portfolio.
Investing in Palladium can be a wise decision, as it is a valuable precious metal that has shown steady growth over the years. At eBullion, you can easily buy Palladium online in India and add it to your investment portfolio. With eBullion's easy-to-use platform and secure payment options, investing in Palladium has been easier.
