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Abi will answer all Palladium related
procurement queries with relevant data points
Abi - AI powered digital procurement assistant
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
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Meet Abi
Discover Market Info
Manage Risk
Find Suppliers
Assess Category Performance
Source Market Indices
Abi will answer all Palladium related
procurement queries with relevant data points
Abi - AI powered digital procurement assistant
Get up-to-date market and supplier info on Palladium to help you build
Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
Assess Supplier Risk based on key risk and compliance parameters
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Get information on key factors affecting your supply
Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics
The global demand for palladium is expected to grow at approx. 6–8 percent CAGR through 2020–2023
The automotive and chemical sectors shall be the major growth drivers
In 2020, Russia is expected to have accounted for the largest share of the world’s palladium production, holding nearly 44 percent of the global market share, followed by South Africa accounting for 29 percent of global production
Engaging in short-term contracts/partnerships with sourcing destinations, which are affected to a lesser degree, will help to alleviate a certain degree of uncertainty in the market.
Suspension of operations in South Africa, due to COVID-19-led lockdowns, coupled with a slow ramp up of production, due to stringent safety measures, along with labor shortages, had led to loss of production between 10 percent and 40 percent in most of the mines in South Africa during the first nine months in 2020
Russia and North America reported a marginal pandemic-related impact on the production in 2020
The auto-catalyst segment, which was the most affected, continues to be affected due to semiconductor shortage. Production levels also declined, owing to shutdowns, production cuts, etc.
Industry Drivers
End Use Market: Increase in automotive output, especially gasoline vehicle, with more palladium loading, as countries across tighten emissions. Demand from the chemical industry shall witness robust growth, where palladium catalysts are used in bulk chemical process, like MEG and purified terephthalic acid (pTA) hydrogen peroxide (with large capacity additions in China) productions.
High Prices: Current multi-year high prices are expected to incentivise supplier to maintain supply level stable and destock to benefit from high prices. The worlds largest palladium producer, Nornickel, has even announced contest for scientist to find new ways to use palladium.
Constraints
EV: Growth in EV shall dent the demand for palladium, as no catalyst is required in EVs.
Substitutions: In the electronics sector, nickel has widely replaced palladium used in electronic pastes in capacitor with palladium now being only used in niche application. Current high prices of palladium is also making automakers to look to some platinum based formulations to be used as catalysts.
High Operation Costs & Over-reliance: Environmental concerns (high waste & tailings), high production costs are also a major constraints to development of new projects. The over reliance on South Africa & Russia for production exposes supply chain to disruptions.
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