Palladium ingots

Palladium Price Outlook

Continuing their positive trajectory, palladium prices rose through November, once again surpassing the USD 1,000 mark. A significant supply shortage has helped keep prices elevated. On 1 December, palladium closed the day at USD 1,016 per troy ounce, which was up 1.4% from the same day in November and was 51.6% higher on a year-to-date basis. December’s price was up 32.5% from the corresponding day in 2016. In late November, palladium recorded the highest price since February 2001 as demand continues to outpace supply. According to market analysts, the strong momentum in the automotive industry and the global economy-supportive of healthy demand for palladium-have buttressed prices so far this year. Palladium is used to reduce emissions in gasoline engines and in hybrid cars; gasoline-powered engines are popular in the sizable car markets of the U.S. and China, boding well for demand. Market analysts expect the supply shortage to remain substantial and to keep price levels firm. As prices are currently around historical highs, it is expected that further price gains will derive from ongoing investor demand; however, new price gains will be difficult.

Palladium Price History Data (USD per troy ounce, aop)

2012  2013  2014  2015  2016  
Palladium643.47  725  803.44  690.55  614.03  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Palladium Historical Price Chart


Palladium historical price chart
Note: Palladium prices in USD per troy ounce (toz). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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