Russia's leadership in question

In 2001, the export of palladium in anticipation of the new price increase has declined by 17%. RAO "Norilsk Nickel", which is the country's only producer of palladium in 1999, obtained the right to export their products for 10 years. Most of the metal sold by Western customers through long-term contracts, and smaller - in the market one-time transactions. "Norilsk Nickel" plans to start secondary production of platinum group metals in the plant, which is owned by the company based on the company "Severonikel" on the Kola Peninsula. The plant will process platinoidosoderzhaschy scrap collected in Russia and imported material.

On the world market in large numbers began to appear palladium extracted from spent catalytic converters, filters, car exhaust. It is expected that "Norilsk Nickel" in 2005-2006, will be able to produce 30-40 tons of secondary palladium per year. The company plans to develop the production of its own catalytic systems.

Since January 2001, in Europe, in accordance with environmental legislation, catalytic systems to be installed on all cars produced. Most European car manufacturers now produce filters exhaust converters with a high percentage of palladium. In total, the share of manufacturing vehicles that meet current environmental standards.

It can be expected that the observed from the mid 90's a significant expansion of consumption of palladium automotive industry in due course lead to a substantial increase in the scale extraction of this metal from spent catalytic converters, filters, exhaust. However, the average age of cars in most of the world is 8-10 years, and although the amount of recoverable palladium increases will take another five years for it to be comparable to the amount of recoverable platinum.

In early 2001, it became apparent that the market for mobile phones and other consumer electronic devices entering a phase of weakening economic activity in the presence of large stocks of goods. For the production of multilayer ceramic capacitors for 60% of total palladium demand in the electronics industry.

This plant is very tsenozavisimym as much of the total value of these capacitors accounted for palladium. The downturn in the electronics industry has led to a preference of production cheaper nickel capacitors with characteristics comparable to those that are particular to products containing precious metals.

World demand for palladium in 2001 decreased by 24% - to 212.8 tonnes (the lowest level in the past 5 years), which was due to the reduction in consumption in the manufacture of multilayer ceramic capacitors (of 34.5 M - up to 32.7 m) and catalytic converters, filters vehicle emissions (by 24.9 M - up to 150.5 tons). In dentistry, the high prices have the most significant negative impact on the level of demand for palladium. The use of palladium alloys decreased in all regions of the world, most notably manifested in the Federal Republic of Germany and the USA. More modest reduction in consumption was in Japan that use alloys containing 20% palladium. Dental laboratories in high price of palladium and gold work. In addition, technologies promotes the increased use of non-metallic materials in dentistry.