Palladium ingots

Palladium Price Outlook

Palladium prices have continued to rise over the last month, briefly reaching a new all-time high in mid-November and edging closer to parity with gold. On 30 November, palladium closed the day at USD 1,205 per troy ounce, which was up 11.4% from the same day of the previous month. In addition, the price was up 19.3% from the corresponding day last year and was 14.1% higher on a year-to-date basis. The key market drivers remain unchanged. On one hand, supply is tight, with substantial supply deficits forecast for this year and next, while tensions between the U.S. and Russia create an outside chance that Russia—one of the world’s key palladium producers—could restrict supply of the metal. In addition, demand is being boosted by a global shift from diesel to gasoline and hybrid vehicles—which use more of the commodity in catalytic converters—due to environmental concerns. Stricter emissions standards in China and EU consumers’ growing aversion to diesel vehicles following the recent emissions scandal are key factors behind this trend. Moreover, part of the recent increase in palladium prices can likely be attributed to speculative buying, as investors pile into the commodity on optimism about future prospects.

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

2013  2014  2015  2016  2017  
Palladium725  803.44  690.55  614.03  869.99  

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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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