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  • 2001
  • adds comment, second byline, NEW YORK dateline) By Marcy Nicholson and Pratima Desai NEW YORK/LONDON, Aug 22 (Reuters) - Gold prices fell on Tuesday, pressured by the stronger U.S. dollar ahead of an annual meeting of central bankers this week, while palladium fell from its highest level since February 2001. (reuters.com)
  • Palladium was down 1.2 percent at $927.75 an ounce, after rising to $940, matching the prior session's peak and the highest level since February 2001. (reuters.com)
  • Spot palladium was trading down 0.6 percent at $1,031.75 an ounce from an earlier $1,042.50, its highest since February 2001. (reuters.com)
  • The price for palladium peaked near US$1,100 per troy ounce in January 2001 (approximately US$1340 in 2009 dollars) driven mainly on speculation of the catalytic converter demand from the automobile industry. (wikipedia.org)
  • Reuters
  • Palladium faces headwinds from slowing car sales growth * Palladium substitution unlikely to be imminent (Updates prices) By Pratima Desai LONDON, Dec 22 (Reuters) - Palladium prices jumped to 17-year peaks on Friday as strong demand from autocatalyst makers reinforced the prospects of market shortages, but slowing car sales are expected to challenge further gains. (reuters.com)
  • rally
  • Palladium hit a record high in a continued rally fueled by tight supplies and increased demand in the automotive industry for autocatalysts in gasoline-burning vehicles. (reuters.com)
  • Palladium has seen a sustained rally from high demand in the auto industry and a supply deficit, a New York-based trader said. (reuters.com)
  • gasoline
  • But platinum is predominantly used in diesel engines and palladium in gasoline engines, which dominate the U.S. market. (reuters.com)
  • Analysts think about 80 percent of global palladium demand, estimated at more than 10 million ounces next year, will come from autocatalysts for gasoline powered cars, which many now prefer over diesel fuelled vehicles. (reuters.com)
  • From ETF's Research: "Better than expected vehicle sales in China helped to boost the palladium price, with palladium a key component of the autocatalysis used in China's gasoline powered vehicle engines. (fundfreebies.com)
  • catalytic converters
  • Palladium is closely linked to the fortunes of the global car market - 80% of total palladium production is used in the manufacture of catalytic converters used to reduce harmful emissions in combustion engines. (etfstrategy.co.uk)
  • More than half the supply of palladium and its congener platinum is used in catalytic converters, which convert as much as 90% of the harmful gases in automobile exhaust (hydrocarbons, carbon monoxide, and nitrogen dioxide) into less noxious substances (nitrogen, carbon dioxide and water vapor). (wikipedia.org)
  • diesel
  • Palladium prices have doubled since January 2016 after Germany's Volkswagen in Sept. 2015 admitted it had used illegal software to cheat U.S. diesel emissions tests. (reuters.com)
  • Hallmarking
  • In July 2009, following a proposal by the British Hallmarking Council, an amendment to the Act also brought palladium under the hallmarking regime. (wikipedia.org)
  • another
  • Russia's mining company Norilsk Nickel produces another 44% of palladium, with US and Canada-based mines producing most of the rest. (wikipedia.org)
  • market
  • Next year is set to be the seventh successive year of large deficits in the palladium market," GFMS analysts said in a recent research note. (reuters.com)
  • global
  • Palladium is benefiting from tighter global emissions standards - major European cities including Paris, Munich, Oslo, Madrid and Athens have introduced, or are planning to introduce, bans or higher taxes on the vehicles. (etfstrategy.co.uk)
  • More than 75% of global platinum and 40% of palladium are mined in South Africa. (wikipedia.org)
  • metal
  • This map depicts the 32 precious-metal mines that operated for any period during 2004. (canada.ca)
  • There were no active precious-metal mines in the Yukon Territory, Alberta, Prince Edward Island, New Brunswick or Nova Scotia for this year. (canada.ca)
  • There were no active precious-metal mines in the Yukon Territory, Nunavut, Alberta, Prince Edward Island, New Brunswick or Nova Scotia for this. (canada.ca)
  • Buddha
  • It is a figurine of the meditating Buddha seated in yogic posture, made of a semi-precious green stone (jade or jasper rather than emerald), clothed in gold, and about 26 inches (66 cm) tall. (wikipedia.org)
  • The abbot removed the stucco and found a Buddha figure carved from a green semi-precious stone, which became known as Phra Kaew Morakot or in English the Emerald Buddha. (wikipedia.org)
  • The Buddha image is made of a semi-precious green stone, described variously as jade or jasper rather than emerald, as "emerald" here refers to its colour rather than the stone. (wikipedia.org)
  • The most famous two sculptures carved in semi-precious stone are the Phra Keo (The Emerald Buddha) and the Phra Phuttha Butsavarat. (wikipedia.org)