Palladium fell to around $1000 per ounce, its lowest in 2 weeks, as fears resurfaced over automotive demand. The metal's use for manufacturing of catalytic converters has been declining over the past few years due to switch from gasoline-powered vehicles to palladium-free electric vehicles. China's top electric vehicle producer Guangzhou Xiaopeng Motors Technology shared it would be rolling out a cheaper mass-market brand next month. Additionally, UBS Group projected that sales of electric vehicles would reach 9.6 million by 2030, nearly five-fold the figure seen in 2023. Another factor weighing on the greenback-priced commodity was reduced bets of June interest rate cut by the Fed. Still, palladium was supported by hopes of pick-up in demand by top consumers China and Germany after upbeat economic data. China's retail sales, fixed asset investment, and industrial output grew more than anticipated in January-February 2024, while the German investor morale hit a 2-year peak in March.

Palladium decreased 83.55 USD/t oz. or 7.61% 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 March 29 of 2024.

Palladium decreased 83.55 USD/t oz. or 7.61% 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 978.47 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 893.87 in 12 months time.



Price Day Month Year Date
Coal 129.10 0.10 0.08% -1.45% -26.90% Mar/28
Bitumen 3,651.00 28.00 0.77% -0.44% 0.14% Mar/29
Cobalt 28,550.00 0 0% 0% -18.27% Mar/28
Lead 2,023.92 60.93 3.10% -1.64% -6.66% Mar/28
Aluminum 2,339.00 40.50 1.76% 4.98% -1.72% Mar/28
Tin 27,524.00 78 0.28% 3.63% 6.81% Mar/27
Zinc 2,441.00 4.00 0.16% 0.62% -17.76% Mar/28
Nickel 16,568.02 153 0.93% -6.23% -29.70% Mar/28
Molybdenum 48.00 0 0% 2.67% -35.14% Mar/28
Palladium 1,014.94 31.61 3.21% 7.74% -29.51% Mar/28
Gallium 2,125.00 30.00 1.43% 0% 30.77% Mar/28
Germanium 9,450.00 0 0% 0.53% 6.18% Mar/28
Manganese 30.25 0 0% 1.68% -6.92% Mar/28
Indium 2,055.00 0 0% 3.53% 37.46% Mar/28
Soda Ash 1,940.00 -20.00 -1.02% -11.42% -29.71% Mar/29
Neodymium 437,500.00 0 0% -7.89% -37.50% Mar/28
Tellurium 582.50 2.50 0.43% 3.46% -1.69% Mar/28
Iron Ore 62% fe 109.53 -0.31 -0.28% -12.28% -13.08% Mar/28
Rhodium 4,675.00 50 1.08% 6.25% -44.01% Mar/28


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
1014.94 983.33 3440.76 78.00 1984 - 2024 USD/t oz. Daily