Actual
1,051.50
Daily Change
-5.00 -0.47%
Monthly
-17.98%
Yearly
-28.15%
Q4 Forecast
1,014.56
Palladium - Summary

Palladium futures extended its decline to below $1,100 an ounce and reaching its lowest level since June 2025, weighed by persistent investment outflows and a bearish long-term demand outlook. A prolonged Middle East conflict has driven global energy prices higher as risk premiums rise, fuelling inflation and strengthening expectations of hawkish central bank decisions across economies. Over the longer term, higher rates could exert greater downward pressure in investment demand for the metal that carries no yield. Higher borrowing costs and fuel prices also weigh on automotive demand, while the shift towards platinum in catalytic converters adds to long-term demand concerns. However, resilient hybrid demand has helped cushion the decline. Meanwhile, the lack of major disruptions in key producing countries and steady recycling flows eased concerns about shortages. Market sentiment is also undermined by a projected surplus in the platinum group metals complex.

Palladium - Stats

Palladium fell to 1,051.50 USD/t.oz on October 23, 2026, down 0.47% from the previous day. Over the past month, Palladium's price has fallen 17.98%, and is down 28.15% compared to the same time last year, 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 October 25 of 2026.

Palladium - Forecast

Palladium fell to 1,051.50 USD/t.oz on October 23, 2026, down 0.47% from the previous day. Over the past month, Palladium's price has fallen 17.98%, and is down 28.15% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palladium is expected to trade at 1014.56 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 869.17 in 12 months time.



Price Day Month Year Date
Coal 150.70 -0.45 -0.30% 5.02% 44.76% Oct/23
Bitumen 4,868.00 220.00 4.73% -7.38% 46.10% Oct/23
Cobalt 34,620.00 0 0% -12.66% -28.72% Oct/22
Lead 1,914.58 10.15 0.53% -1.33% -5.24% Oct/23
Aluminum 3,047.30 37.85 1.26% -6.41% 6.55% Oct/23
Tin 50,182.00 -1159 -2.26% -6.89% 40.28% Oct/22
Zinc 3,748.20 71.75 1.95% -5.75% 23.96% Oct/23
Nickel 15,865.00 -130 -0.81% -4.02% 3.52% Oct/23
Molybdenum 603.50 -2.00 -0.33% -2.74% 18.92% Oct/23
Palladium 1,051.50 -5.00 -0.47% -17.98% -28.15% Oct/23
Gallium 1,740.00 0 0% -0.57% 2.65% Oct/23
Germanium 28,500.00 0 0% 4.59% 100.00% Oct/23
Manganese 28.75 -0.10 -0.35% -0.35% -3.04% Oct/23
Indium 4,700.00 -50 -1.05% -10.48% 86.14% Oct/23
Soda Ash 1,025.00 0 0% -2.38% -13.58% Oct/23
Neodymium 942,500.00 0 0% -0.53% 39.63% Oct/23
Tellurium 798.50 0 0% 0% 23.80% Oct/23
Rhodium 9,150.00 50 0.55% -3.17% 13.66% Oct/23


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
1051.50 1056.50 3440.76 78.00 1984 - 2026 USD/t oz. Daily

News Stream
Palladium Drops Further to a 16-Month Low
Palladium futures extended its decline to below $1,100 an ounce and reaching its lowest level since June 2025, weighed by persistent investment outflows and a bearish long-term demand outlook. A prolonged Middle East conflict has driven global energy prices higher as risk premiums rise, fuelling inflation and strengthening expectations of hawkish central bank decisions across economies. Over the longer term, higher rates could exert greater downward pressure in investment demand for the metal that carries no yield. Higher borrowing costs and fuel prices also weigh on automotive demand, while the shift towards platinum in catalytic converters adds to long-term demand concerns. However, resilient hybrid demand has helped cushion the decline. Meanwhile, the lack of major disruptions in key producing countries and steady recycling flows eased concerns about shortages. Market sentiment is also undermined by a projected surplus in the platinum group metals complex.
2026-10-22
Palladium Hits 13-month Low
Palladium decreased to 1080.00 USD/t.oz, the lowest since September 2025. Over the past 4 weeks, Palladium lost 17.27%, and in the last 12 months, it decreased 26.65%.
2026-10-21
Palladium Extends Slide to Over 1-Year Low
Palladium futures traded around $1,120 an ounce, extending their decline since September to a more than one-year low amid persistent investment outflows and a bearish long-term outlook. Strong US inflation strenghened the case for the Fed to keep borrowing costs elevated for longer, raising concerns over capital-intensive sectors, namely the AI buildout, and providing some support as investors seek shelter. Over the longer term, however, higher rates could exert greater downward pressure in demand for the metal that carries no yield. Additionally, the growing adoption of EVs continues to pressure demand for palladium used in catalytic converters, although resilient demand for hybrids has helped moderate the decline. Despite this, the drop in demand continues to underpin a bearish outlook for the metal as it outpaces the contraction in supply, with elevated operating costs and power grid instability in South Africa, alongside ongoing trade risks in Russia, constraining production.
2026-10-14