Palladium - Price - Chart - Historical Data (2024)

Table of Contents

Palladium dropped to around $1,000 per ounce, inching closer to the near 5-1/2 year low recorded on December 5th, pressured by a stronger dollar and a potential market surplus in 2024. The currency used to price metals has rebounded after investors recalibrated their bets on the first interest rate cut by the Fed. Meanwhile, the palladium market was set to record a surplus of 300,000 ounces this year, compared to a 200,000-ounce deficit in 2023, amid faltering demand from the automotive industry. Platinum is mainly used in the production of catalytic converters for combustion-powered vehicles, but the need for it has been declining over the last couple of years as the share of EVs continues to grow and manufacturers turn to cheaper materials. Palladium decreased 95.13 USD/t oz. or 8.66% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Palladium reached an all time high of 3440.76 in March of 2022. Palladium - data, forecasts, historical chart - was last updated on January 10 of 2024. Palladium decreased 95.13 USD/t oz. or 8.66% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palladium is expected to trade at 1055.42 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 967.08 in 12 months time.

Palladium dropped to around $1,000 per ounce, inching closer to the near 5-1/2 year low recorded on December 5th, pressured by a stronger dollar and a potential market surplus in 2024. The currency used to price metals has rebounded after investors recalibrated their bets on the first interest rate cut by the Fed. Meanwhile, the palladium market was set to record a surplus of 300,000 ounces this year, compared to a 200,000-ounce deficit in 2023, amid faltering demand from the automotive industry. Platinum is mainly used in the production of catalytic converters for combustion-powered vehicles, but the need for it has been declining over the last couple of years as the share of EVs continues to grow and manufacturers turn to cheaper materials.

Palladium decreased 95.13 USD/t oz. or 8.66% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Palladium reached an all time high of 3440.76 in March of 2022. Palladium - data, forecasts, historical chart - was last updated on January 10 of 2024.

Palladium decreased 95.13 USD/t oz. or 8.66% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palladium is expected to trade at 1055.42 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 967.08 in 12 months time.

Palladium

Palladium is a soft silver-white metal used mostly in the production of catalytic converters for petrol cars, electronics, dentistry, medicine, hydrogen purification, chemical applications, groundwater treatment and jewelry. The biggest producers of palladium are by far Russia and South Africa (70-80% of world output) followed by United States, Canada and Zimbabwe. Palladium Futures are available for trading in London Platinum and Palladium Market and on the New York Mercantile Exchange. The standard contact weights 100 troy ounces.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	1003.37	978.21	3440.76	78.00	1984 - 2024	USD/t oz.	Daily