Palladium ingots

Palladium Price Outlook

Palladium prices continued to rise over the last month, moving further above gold prices and hitting a fresh all-time high at the end of February. On 8 March, palladium closed the day at USD 1,509 per troy ounce, which was 8.2% higher than on the same day of the previous month. In addition, the price was 53.2% higher than on the corresponding day last year and was up 19.5% on a year-to-date basis. The key factors driving the market are largely unchanged. Supply is tight, with substantial deficits forecasted for this year and next, and concerns over supply have been exacerbated in recent weeks due to the possibility of strikes in South Africa’s mining industry. At the same time, demand is healthy thanks to the EU’s shift from diesel to gasoline and hybrid vehicles—which use more of the commodity in catalytic converters—following recent emissions scandals and changes to government policy. Stricter environmental legislation and recent measures designed to stimulate vehicle sales in China are also likely supporting the market. Moreover, the strong upward price trend observed since August last year has attracted greater investment demand and led to speculative buying, adding further impetus to prices.

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

2013  2014  2015  2016  2017  2018  
Palladium725  803.44  690.55  614.03  869.99  1030.5  

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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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