Palladium Nears Highest Since 2022

2025-12-26 15:25 By Dongting Liu 1 min. read

Palladium futures hovered above $1,950 an ounce, approaching the highest level since the end of 2022, as robust demand and constrained supply supported prices.

Geopolitical tensions have fueled safe-haven buying, while the EU’s recent easing of its planned 2035 ban on new gasoline and diesel vehicles has reinforced expectations of sustained automotive catalyst demand.

Rising platinum prices may prompt automakers to substitute palladium in gasoline vehicle catalysts.

Strong exports to China, aided by the launch of palladium futures on the Guangzhou Futures Exchange, have further boosted market optimism.

On the supply side, Russian mining giant Norilsk Nickel projected that, excluding investment demand, the global palladium market could face a 100,000-ounce deficit in 2026.

Additionally, investors are also closely watching the outcome of the US Section 232 investigation and related anti-dumping cases, amid concerns over potential tariffs or trade restrictions.



News Stream
Palladium Drops Below $1,400 on Middle East Uncertainty
Palladium futures slipped below $1,400 per ounce, extending losses amid a broad metals sell-off sparked by escalating Middle East tensions. President Donald Trump’s prime-time address, offering no clear end to the conflict but vowing intensified military action, including potential strikes on electrical plants in the coming weeks, deepened market anxiety. A stronger US dollar and rising bond yields curbed demand for non-yielding assets, while stubborn inflation reinforced expectations of tighter monetary policy. The metal also faced downward pressure from profit-taking after its late-2025 to early-2026 surge, which had lifted prices to their highest since 2022. Weakening automotive demand and expanding supply, driven by increased recycling and steady production, added to the downturn. The accelerating shift to battery-electric vehicles (EVs), which eliminate the need for palladium, is further eroding demand, tipping the market into surplus.
2026-04-02
Palladium Rises from Multi-Month Lows
Palladium futures surged above $1,400 per ounce, rebounding sharply from a five-month low as renewed US-Iran tensions stoked fears of disruptions to global metal supply. Missile strikes across the Middle East and the deployment of a US amphibious assault group have intensified geopolitical risk, while a broader rebound in precious metals, including platinum and silver, has strengthened investor demand amid shifting interest rate expectations. Adding further support, Russia’s Nornickel, the world’s largest palladium producer, highlighted rising industrial demand beyond the automotive sector. The company is investing USD 100 million to cultivate new palladium markets and aims to generate approximately 1.7 million troy ounces of annual demand by 2030, including near-term applications in electrochemistry for anodes and water treatment.
2026-03-30
Palladium is down by 5.02%
Palladium decreased 5.02% to 1361 USD/t.oz
2026-03-26