Palladium Price OutlookContinuing 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)
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
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.