Palladium futures jumped to a 3-week high of around $1950 as improved prospects in demand and fears of tight supplies overshadowed the global growth concerns. Major central banks are hiking interest rates to tame the surging inflation, spurring fears of recession and demand destruction. Meanwhile, China, which accounts for 26% of global palladium consumption, relaxed the covid restrictions and resumed leisure activities, following a two-month lockdown, boosting hopes of a recovery in the metal demand from the auto industry. In contrast, concerns about tight supplies still persist as the West continues to impose trade restrictions on Russia. Britain announced sanctions on Russian oligarch Vladimir Potanin, who holds 36% stake in Nornickel, the world’s largest producer of palladium, 2 months after the London Platinum & Palladium Market and the Chicago Metal Exchange suspended key Russian firms from delivering palladium to these trading hubs. .

Historically, Palladium reached an all time high of 3440.76 in March of 2022. Palladium - data, forecasts, historical chart - was last updated on July of 2022.

Palladium is expected to trade at 1729.98 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 1595.07 in 12 months time.

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Palladium



Price Day Month Year
Coal 388.00 2.05 0.53% -9.13% 181.67%
Bitumen 4,459.00 -147.00 -3.19% -2.60% 31.46%
Cobalt 65,445.00 -5015 -7.12% -11.56% 29.59%
Lead 1,937.50 34.00 1.79% -10.43% -16.45%
Aluminum 2,444.00 -1.50 -0.06% -12.17% -4.45%
Tin 26,650.00 199 0.75% -25.16% -15.58%
Zinc 3,029.00 -128.00 -4.05% -21.79% 3.12%
Nickel 21,766.00 -877 -3.87% -22.43% 18.60%
Molybdenum 43.50 0 0% 0% -13.86%
Palladium 1,960.50 23.32 1.20% -4.52% -29.62%
Gallium 3,175.00 0 0% -4.51% 49.41%
Germanium 8,700.00 0 0% -1.14% 13.73%
Manganese 33.50 0 0% 0% 3.88%
Indium 1,605.00 0 0% 11.07% 42.67%
Soda Ash 2,920.00 0 0% 2.46% 55.15%
Neodymium 1,180,000.00 0 0% -1.26% 94.08%
Tellurium 431.50 0 0% -0.80% -26.24%
Iron Ore 62% fe 114.45 -15.55 -11.96% -19.60% -46.13%
Rhodium 14,000.00 0 0% -9.09% -30.35%


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
1960.50 1937.18 3440.76 78.00 1984 - 2022 USD/t oz. Daily