Palladium can be found throughout the auto industry. It is an essential component for catalytic converters within an automobile’s exhaust system, because it can stand up to high temperatures and oxidation-provoking environments. In the electronics industry, palladium may be used instead of gold. Palladium is integral to many other applications, including raw material processing, photo processing, water purification, fuel cells, and the refining and purification of oil and natural gas.