Palladium Price OutlookPalladium prices increased robustly over the past month, mainly the result of the global automotive sector PMI posting its first expansion since July 2021. On 14 January, palladium prices closed the day at USD 1,870 per troy ounce, which was up 15.3% from the same day of the previous month. However, the price was 5.2% lower on a year-to-date basis and was down 21.9% from the same day last year. The recent pickup in palladium prices was predominately driven by a rebound in the IHS global automobiles and auto parts sector PMI, which registered growth in December relative to the previous month for the first time in five months. This suggested a recovery in auto production, consequently pointing to stronger demand for palladium from the sector ahead and pushing prices higher. In fact, Japan—the world’s third-largest car manufacturer—witnessed a 43.1% month-on-month rebound in car production in November, while top-producer China also posted double-digit growth in December, likely further supporting palladium prices.
Palladium Price History Data (USD per troy ounce, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Palladium Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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