Pile of Palladium Ingot Bars

Palladium Prices

Palladium prices averaged USD 1,483 per troy ounce in May, which was 1.7% lower than April’s price and was down 28.0% from the same month last year. Meanwhile, on 31 May, palladium closed the day at USD 1,390 per troy ounce, which was down 7.2% from the same day of the previous month.

Prices in May were lower than in April. This was likely partly due to increased supply due to Sibanye-Stillwater’s Montana mine restarting production in late April after completing repair works. The strength of the dollar during May also contributed to prices falling, as the metal became more expensive for holders of other currencies. On the contrary, the anticipated end of the Fed’s tightening cycle, coupled with the demand for safe-haven assets due to vulnerabilities in the U.S. banking and commercial real estate sectors, likely supported investment demand. The price impact of robust car demand in major economies—palladium’s primary use is in cars’ catalytic converters—was likely muted by car firms drawing down on previously accumulated inventories.

This chart displays Palladium (US$/toz) from 2021 to 2023.

Palladium LME (prices in US$/toz, aop)

Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022
Palladium LME - 2,787 2,462 1,939 2,329 2,098 2,077 1,931

Free sample report

Price forecasts and historical data for Palladium.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest