Palladium Prices

Palladium prices averaged USD 943 per troy ounce in April, down 1.6% from March. On 30 April, the commodity traded at USD 933 per troy ounce, down 5.4% from 31 March.

Palladium prices fell for the second straight month in April, dragged down by a sharp decline at the start of the month. President Trump announced a 25% tariff on U.S. automobile imports in early April, stoking fears over global car demand and in turn demand for palladium; the metal’s main use is in autocatalysts that reduce emissions from vehicle engines. Still, rising U.S. protectionism fueled safe-haven buying, and continued power cuts in South Africa stoked supply concerns, capping the downturn in prices.