Palladium Market Is Expected To Continue To Be Bullish As Demand Grows for Automakers FinancialNewsMedia.com News Commentary Share this article Share this article PALM BEACH, Fla., May 5, 2021 /PRNewswire/ -- Palladium is one of the four metals in the precious metals group. It is considered as both a commodity – which makes it a risk asset, hence the bullish momentum during the global economic rebound in summer last year – and a safe haven. It is a rare commodity; 30 times rarer than gold and more precious than all the other precious metals, which makes it a safe haven in times of uncertainty, and it has indeed been acting as such in recent times. It has benefited from both of these statuses during the past year, in very uncertain markets that have been behaving unusually, so it is expected to continue to be bullish in 2021. Both palladium and platinum are mainly used in autocatalytic converters, to reduce harmful exhaust emissions. Palladium is used in engines that run on gasoline, while platinum has a wider range of use in diesel-powered vehicles, which are much more common. The other disadvantage that palladium has, compared to platinum, is that when it comes to physical demand for the jewelry market, there is more demand for platinum than there is for palladium. Both metals, as well as most other markets, saw disruptions in production and demand in 2020, but 2021 looks much more promising, as manufacturing continues to expand pretty fast all over the globe. Active stocks in the markets this week include