We see the word palladium on jewelry store signs, on websites that offer for you to sell your jewelry, and we hear it on TV and the radio. It must have something to do with precious metals, but what is it?
Palladium is in the same family of metals as platinum, called (appropriately) platinum group metals (or PGMs). Rhodium, ruthenium, iridium, osmium, and platinum are the other PGMs. While palladium is the least dense metal in the group, it shares certain properties with its sister metals. Palladium also has the lowest melting point.
Palladium was discovered in 1803 as crude palladium ore. It was discovered by William Hyde Wollaston, who peformed chemcial processes to extract the palladium metal from the ore. He named it Palladium after 2 Pallas, an asteroid that was discovered a few years prior. In Greek mythology, Pallas was killed by Athena. Athena felt so guilty that she created a “palladium,” a wooden image of Pallas and took on Pallas’ name.
Wollaston was a brilliant chemist who did important work in optical theory and electricity. He also invented the process of extracting palladium to extract the metal – it involved dissolving the ore, neutralizing the solution, and then adding certain chemicals to produce the desired effect.
What resulted was palladium, a silvery-white metal that is lustrous. It is rare, but very useful. It’s main use is in automobiles – it is a key component of a catalytic converter. This makes palladium a very useful “green substance”, in a way, because the catalytic converter of a car is what converts the harmful gas emissions of cars into less harmful gases.
Palladium is also used in manufacturing SED/OLED/LCD television sets, in cold fusion technology, and even in dentistry. None of those are the reasons we’ve been seeing this word lately. Palladium has been used to make jewelry since 1939. For a long time palladium was mainly used as an alloy to help make white gold – it has a natural whitish color that makes it so that rhodium plating isn’t necessary. Since 2004, when gold and platinum prices were extra high, jewelers (especially in China) have been making palladium jewelry.
Palladium leaf is used for the illumination of manuscripts. Silver leaf does not have staying power because it tarnishes so quickly. Aluminum isn’t great either, because it’s really hard to work with and does not produce the same type of result. Palladium leaf is preferred second to gold leaf in the illumination of manuscripts.
Companies are now buying used palladium, and that is both helpful to keep down mining, which is extremely environmentally destructive. That truly does make the palladium in a catalytic converter a “green” occurrence, as the recovered and recycled palladium can be reused in the increasingly more efficient production of catalytic converters.
As for palladium jewelry, it has the look of platinum at less cost, making it a smart choice for tough economic times.