Price of Palladium today
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Palladium (XPD/USD) quote in real time. Interactive chart, historical data and market context.
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XPD/USD Β· Troy Ounce
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About Palladium
Palladium is a precious metal in the platinum group, highly demanded by the automotive industry for gasoline catalytic converters. It is also used in electronics, dentistry and jewellery. Supply is limited, concentrated in Russia and South Africa.
Key facts
- Russia produces approximately 40% of the world's palladium, followed by South Africa at 35%.
- Palladium is primarily used in gasoline car catalytic converters, absorbing over 80% of demand.
- In 2022, palladium hit all-time highs above $3,000/oz due to Russian sanctions and supply shortages.
- Palladium is 15 times rarer than platinum and 30 times rarer than gold in the Earth's crust.
Legal notice
Indicative information, may contain errors, omissions or delays. Does not constitute financial advice or guarantee of accuracy.
Frequently asked questions about Palladium
Why is palladium so expensive?
Palladium has highly concentrated supply (Russia 40%, South Africa 35%) and inelastic automotive demand for catalytic converters. Any geopolitical disruption can create supply deficits.
What alternatives does palladium have in industry?
Some manufacturers have partially substituted palladium with platinum in gasoline catalysts. Long-term, transport electrification will reduce catalytic converter demand.