Palladium futures climbed above $1,550 per ounce in May, following gains in other precious metals to reach their highest level since April 20, as signs of de-escalation in the Middle East weighed on oil prices, easing inflation concerns. According to Axios, the White House is close to a deal with Iran to end the conflict and begin nuclear negotiations, the nearest to an agreement since the war started. Precious metals had faced significant selling pressure since the war began, as soaring energy costs fueled inflation fears and reinforced expectations that central banks might maintain high interest rates or tighten policy further. On the supply side, the market remains tight, with output disruptions in South Africa and ongoing geopolitical sensitivity around Russian exports, which continue to face sanctions-related constraints and shifting trade flows.

Palladium fell to 1,494.50 USD/t.oz on May 8, 2026, down 3.74% from the previous day. Over the past month, Palladium's price has fallen 6.68%, but it is still 53.52% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Palladium reached an all time high of 3440.76 in March of 2022. Palladium - data, forecasts, historical chart - was last updated on May 8 of 2026.

Palladium fell to 1,494.50 USD/t.oz on May 8, 2026, down 3.74% from the previous day. Over the past month, Palladium's price has fallen 6.68%, but it is still 53.52% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palladium is expected to trade at 1593.33 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1855.66 in 12 months time.



Price Day Month Year Date
Coal 132.20 0.15 0.11% -2.44% 34.21% May/07
Bitumen 4,180.00 -85.00 -1.99% 2.25% 24.26% May/07
Cobalt 56,290.00 0 0% 0% 67.03% May/06
Lead 1,979.95 1.35 0.07% 1.72% 1.39% May/07
Aluminum 3,483.23 -42.77 -1.21% 0.15% 44.61% May/07
Tin 53,808.00 4087 8.22% 17.08% 70.08% May/06
Zinc 3,442.45 33.00 0.97% 4.53% 30.99% May/08
Nickel 19,075.50 -124 -0.65% 10.55% 22.48% May/08
Molybdenum 585.00 0 0% 7.34% 28.15% May/07
Palladium 1,496.00 -56.50 -3.64% -6.59% 53.67% May/08
Gallium 2,075.00 0 0% -2.35% 16.90% May/07
Germanium 18,750.00 0 0% 15.38% 22.55% May/07
Manganese 34.05 0 0% -7.85% 12.56% May/07
Indium 4,350.00 0 0% 2.35% 66.03% May/07
Soda Ash 1,222.00 0 0% 0.83% -11.96% May/07
Neodymium 1,045,000.00 0 0% 3.98% 99.81% May/07
Tellurium 782.50 0 0% 0.32% 5.74% May/07
Rhodium 9,950.00 0 0% -2.45% 85.12% May/07


Palladium
Palladium is a soft silver-white metal used mostly in the production of catalytic converters for petrol cars, electronics, dentistry, medicine, hydrogen purification, chemical applications, groundwater treatment and jewelry. The biggest producers of palladium are by far Russia and South Africa (70-80% of world output) followed by United States, Canada and Zimbabwe. Palladium Futures are available for trading in London Platinum and Palladium Market and on the New York Mercantile Exchange. The standard contact weights 100 troy ounces.
Actual Previous Highest Lowest Dates Unit Frequency
1494.50 1552.50 3440.76 78.00 1984 - 2026 USD/t oz. Daily

News Stream
Palladium Surges on Middle East Deal Hopes
Palladium futures climbed above $1,550 per ounce in May, following gains in other precious metals to reach their highest level since April 20, as signs of de-escalation in the Middle East weighed on oil prices, easing inflation concerns. According to Axios, the White House is close to a deal with Iran to end the conflict and begin nuclear negotiations, the nearest to an agreement since the war started. Precious metals had faced significant selling pressure since the war began, as soaring energy costs fueled inflation fears and reinforced expectations that central banks might maintain high interest rates or tighten policy further. On the supply side, the market remains tight, with output disruptions in South Africa and ongoing geopolitical sensitivity around Russian exports, which continue to face sanctions-related constraints and shifting trade flows.
2026-05-06
Palladium Recovers Toward $1,500
Palladium futures rose toward $1,500 per ounce, rebounding from earlier losses as traders recalibrated their positions around shifting geopolitical signals. The rebound was reinforced by firmer sentiment across the broader metals complex and cautious optimism surrounding developments in the Middle East. President Trump said the US will begin escorting commercial ships through the Strait of Hormuz as part of a “humanitarian” effort, while also pointing to “very positive” discussions with Iran that have slightly reduced immediate escalation fears, though overall uncertainty remains high. Attention is also focused on upcoming macroeconomic signals, including US Treasury borrowing plans, Federal Reserve commentary, and key employment data. On the supply side, the market remains tight, with output disruptions in South Africa and ongoing geopolitical sensitivity around Russian exports, which continue to face sanctions-related constraints and shifting trade flows.
2026-05-04
Palladium is up by 5%
Palladium increased 5% to 1542.5 USD/t.oz
2026-04-30