Palladium is a naturally occurring metal crucial to various industries worldwide. These include the automotive industry, the jewelry industry, and multiple chemical industries. However, palladium is also precious and somewhat rare, so its actual production can vary greatly from one country to the next.
Here’s a look at the top palladium-producing countries around the world, as well as a variety of different factors that can influence a nation’s production capabilities.
As of 2023, the following countries are among the top global producers of palladium.
With a production yield of around 80,000 metric tons, South Africa is currently the world’s top palladium producer by quite a bit, with its Bushveld Igneous Complex standing out as a particularly abundant source.
In South Africa, palladium is mostly mined as a byproduct of the country’s ample platinum mining efforts.
With a production yield of around 74,000 metric tons, Russia is the second-largest world producer of palladium. Like South Africa, Russia owes its world position to one particularly abundant source – its sprawling Norilsk region.
Currently, Norilsk Nickel – one of Russia’s largest and best-known mining companies – is responsible for the bulk of production.
Canada’s Ontario province is particularly abundant when it comes to palladium stores, making it the third-largest world producer with a yield of 17,000 metric tons. Another reason Canada stands out as a highly desirable palladium source is its ongoing dedication to responsible mining.
Although still something of an emerging force in the world palladium industry, the United States is currently the world’s fourth-largest producer with a yield of 14,000 metric tons. Palladium-rich locations throughout the state of Montana have contributed greatly to U.S. production efforts.
The presence or lack of abundant natural palladium ore caches is a fundamental influence on whether a country can become a reliable producer. However, there are other factors to consider, as well. They include examples like the following: