| Product | Region | Incoterm Basis | Price (USD/Gram) | Time Period |
| Palladium | China | CIF | USD 2,602.01/ounce | April 2026 |
| Palladium | India | CIF | USD 2,602.00/ounce | April 2026 |
| Palladium | USA | CIF | USD 2,602.01/ounce | April 2026 |
| Palladium | Brazil | CIF | USD 2,602.01/ounce | April 2026 |
| Palladium | Germany | FOB | USD 2,602.00/ounce | April 2026 |
| Palladium | China | CIF | USD 1,562.00/ounce | March 2026 |
| Palladium | India | CIF | USD 1,562.00/ounce | March 2026 |
| Palladium | USA | CIF | USD 1,562.00/ounce | March 2026 |
| Palladium | Brazil | CIF | USD 1,562.01/ounce | March 2026 |
| Palladium | Germany | FOB | USD 1,562.00/ounce | March 2026 |
Stay updated with the latest Palladium prices, historical data, and tailored regional analysis
The palladium market exhibited a volatile pattern during Q1’26. Initially, the palladium price curve experienced a downward trajectory due to the strong performance of the U.S. dollar, high bond yields, profit-taking after price appreciation, and declining demand for automobiles. The ongoing transition from internal combustion engines to electric vehicles further contributed to the lower utilization of palladium in exhaust systems, alongside steady production levels and increased recycling rates, causing an oversupply that caused the drop in price.
Nonetheless, towards the end of Q1’26, the market witnessed a reversal of fortune in terms of prices as growing geopolitical tensions in Iran and the Middle East raised fears of disruptions to the supply chain, causing the prices to recover. Other supportive factors included the attempts by key palladium producers to boost industrial demand outside the auto sector.
Analyst Insight
According to Procurement Resource, in the near term, palladium prices are expected to remain range-bound with a slight upward bias due to geopolitical risks, while weak automotive demand may limit stronger price gains.
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| Product | Category | Region | Price | Last Updated Month |
| Palladium | Energy, Metals and Minerals | USA | 36,849 USD/MT | June 2025 |
| Palladium | Energy, Metals and Minerals | China | 36,468 USD/MT | June 2025 |
Throughout 2025, palladium prices moved in a broad upward path, driven mostly by supply fears and shifts in global economic expectations. The year was marked by strong reactions to geopolitical tension, especially concerns about new sanctions on Russia, which had controlled a large share of global supply. These worries created repeated periods of tight availability, and investors treated palladium as a protective asset during moments of uncertainty. As a result, trading stayed active and often volatile.
Monetary expectations also shaped the trend. Markets grew increasingly confident that the United States would move toward softer interest rate policy, and this encouraged capital to flow into precious metals, including palladium. At the same time, rising government debt across major economies added to the appeal of hard assets. Industrial demand further supported the market. The automotive sector, still relying on palladium for catalytic converters in gasoline engines, felt cost pressure as prices climbed, and this reinforced the wider view that supply was struggling to keep pace with needs.
Technical patterns also played a role. Traders watched a potential reversal pattern form on medium-term charts, and each move around key support zones created sharp, short-term swings. Even so, the broader trend held firm because producers faced challenges in securing alternative sources, and substitution toward other metals, while growing, remained gradual.
Palladium is a well-known chemical element which is a nickel group element atom, a platinum group metal atom as well as a metal allergen. Palladium is one of the rare and lustrous silvery-white metal. It has the lowest melting point and is the least dense of platinum group metals. The main use for Palladium is in catalytic converters for the automotive industry.
Pd
Catalytic reactions, Hydrogenation of unsaturated hydrocarbons, Jewellery, Dental fillings, Electronics and technoogy, Crowns, Catalytic converter, Automotive industry
Palladium on Carbon, Palladium Black, Paladio
Norilsk Nickel Mining and Metallurgical Company, Russian Platinum, Johnson Matthey, Heraeus Holding, Shanxi Kaida Chemical Engineering Co., Ltd, Anglo American Platinum Ltd
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Palladium can be found in deposits alloyed with gold and other platinum-group metals, including nickel–copper deposits, and from there it is mined. Though at a commercial scale, its production starts from the residue of the production of another metal, generally nickel.
Firstly, the residue is dissolved in aqua regia, that allows various metals present in it to form their nitrates. If silver is found to be present, then it is removed by forming silver chloride. When distinct types of elements are added to the mixture, all the elements get separated, thus, allowing manufacturers to extract Palladium.
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