Palladium Price History
Interactive palladium price chart with historical data and key statistics.
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Understanding Palladium Prices
Palladium is a platinum-group metal primarily used in gasoline-powered vehicle catalytic converters. Over 80% of palladium demand comes from the automotive industry, making it one of the most industrially-dependent precious metals.
Palladium experienced a dramatic price surge between 2018 and 2022, driven by tightening emissions standards and persistent supply deficits. Russia and South Africa account for roughly 80% of global production, creating significant supply concentration risk.
As the automotive industry shifts toward electric vehicles, long-term palladium demand dynamics are evolving. However, the transition timeline remains uncertain, and near-term demand from internal combustion engines continues to support prices.