Palladium is down by 5.01%

Palladium decreased 5.04% to 1478 USD/t.oz

Palladium decreased 5.01% to 1478.5 USD/t.oz

Palladium futures slipped near $1,570, giving back recent gains amid broad weakness across platinum group metals. The decline came as a firmer US dollar and rising Treasury yields weighed on precious metals, while heightened geopolitical uncertainty added to volatile trading conditions. Tensions between Donald Trump and Iranian officials continue to cloud diplomatic prospects ahead of a looming ceasefire deadline, with uncertainty surrounding the Strait of Hormuz further unsettling markets. Escalating rhetoric, ranging from warnings of major strikes to firm rejection of key US demands by Iran, has reinforced risk-driven swings across commodities. Downside pressure was partly cushioned by longer-term demand expectations, as Nornickel advances work on using palladium in lithium-sulphur batteries. The research targets improved durability for next-generation EV systems, aiming to extend battery life beyond 1,000 charge cycles to enable commercial use.