Palladium futures traded above $2,000 per troy ounce, recovering from a 15-month low of $1,857 hit on September 29th after palladium producer Nornickel cut its deficit estimate for the global market due to flooding at two of its mines. Nornickel, supplier of around 44% of the global palladium needs, currently expects a deficit of 0.2-million-0.3 million ounces in 2021 (from a previously forecast of 0.9-million ounces deficit) and 0.3-million ounces in 2022 (from a previously forecast of 0.7-million ounces deficit). The palladium market has been hit by lower demand from the auto industry amid the ongoing global semiconductor chip shortage. Palladium also struggled with substitution effects from platinum, viewed as a cheaper perfect substitute used in the manufacturing of catalytic converters.

Historically, Palladium reached an all time high of 3017.18 in May of 2021. Palladium - data, forecasts, historical chart - was last updated on October of 2021.

Palladium is expected to trade at 2125.90 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 2308.13 in 12 months time.

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Palladium


Price Day Month Year
Coal 232.00 2.10 0.91% 29.25% 300.00%
Bitumen 3,020.00 -138.00 -4.37% 2.86% 21.97%
Cobalt 56,545.00 0 0% 5.93% 69.78%
Lead 2,453.50 53.00 2.21% 15.01% 36.57%
Aluminum 3,118.00 48.50 1.58% 6.11% 68.70%
Tin 38,335.00 157.50 0.41% 9.00% 106.07%
Zinc 3,631.75 68.25 1.92% 19.74% 41.51%
Nickel 21,046.00 915.50 4.55% 11.72% 32.82%
Molybdenum 45.00 0 0% -2.70% 117.39%
Palladium 2,083.08 11.11 0.54% 2.94% -12.24%
Gallium 1,985.00 0 0% 3.12% 58.80%
Germanium 8,850.00 0 0% 2.31% 25.53%
Manganese 35.50 0 0% 2.90% 18.33%
Indium 1,600.00 0 0% -5.88% 25.49%
Soda Ash 3,500.00 0 0% 47.37% 85.84%
Neodymium 797,500.00 0 0% 1.92% 81.25%
Tellurium 495.00 0 0% -5.71% 14.45%
Iron Ore 62% fe 123.49 0.19 0.15% 3.76% 1.59%
Rhodium 14,000.00 -100.00 -0.71% 9.80% -4.44%


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. .