Palladium prices averaged USD 925 per troy ounce in June, down 5.0% from May. On 28 June, the commodity traded at USD 972 per troy ounce, up 2.4% from 31 May.
In June, palladium prices dropped relative to May’s average and were once again the worst-performing precious metal. Platinum-for-palladium substitution, a stronger USD and ample supply all weighed on the market for palladium. That said, palladium prices recouped lost ground in late June as automaker restocking of catalyst supplies drove traders to buy back their bearish bets.
This chart displays Palladium (US$/toz) from 2022 to 2024.
Palladium LME (prices in US$/toz, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Palladium LME | 1,567 | 1,445 | 1,250 | 1,093 | 980 | 973 | - | - |