| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Palladium | China | CIF | USD 1,444.50/Ounce | May 2026 |
| Palladium | India | CIF | USD 1,444.50/Ounce | May 2026 |
| Palladium | USA | CIF | USD 1,444.50/Ounce | May 2026 |
| Palladium | Brazil | CIF | USD 1,444.50/Ounce | May 2026 |
| Palladium | Germany | FOB | USD 1,444.50/Ounce | May 2026 |
| Palladium | China | CIF | USD 1,528.86/Ounce | April 2026 |
| Palladium | India | CIF | USD 1,528.86/Ounce | April 2026 |
| Palladium | USA | CIF | USD 1,528.86/Ounce | April 2026 |
| Palladium | Brazil | CIF | USD 1,528.86/Ounce | April 2026 |
| Palladium | Germany | FOB | USD 1,528.86/Ounce | April 2026 |
Stay updated with the latest Palladium prices, historical data, and tailored regional analysis
Palladium prices weakened in Q2’26 as the demand side became the main pressure point, especially for autocatalyst consumption. Lower gasoline-car production reduced fresh buying from catalyst manufacturers, while battery-electric vehicle growth continued to cut palladium use per vehicle. Official Chinese auto data showed May vehicle sales declined 2.1% year-on-year, while new-energy vehicles accounted for 56.9% of new-vehicle sales, directly limiting palladium intensity in the fleet mix. Exports partly supported automobile production, with vehicle exports rising 68.7% year-on-year in May, but the benefit to palladium was diluted because a rising share of exported vehicles was electrified. On the supply side, Russian production cuts gave some support, yet available supply and recycling kept the market from tightening sharply. The key Q2 shift was that palladium’s traditional demand base weakened faster than supply risks could lift sentiment.
Analyst Insight
According to Procurement Resource, in the near term, palladium may remain demand-sensitive, with limited upside unless gasoline and hybrid catalyst demand improves or mine supply tightens more sharply.
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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.
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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