Palladium Price Today

Palladium's price volatility stems from concentrated supply (80%+ from Russia and South Africa), dominant automotive demand (80%+), and a relatively small market compared to gold. Supply disruptions or demand shifts have outsized price impacts.

Both are platinum-group metals used in catalytic converters, but palladium is used primarily in gasoline vehicles while platinum is preferred for diesel. Palladium is lighter and less dense. Since 2018, palladium has traded above platinum.

Battery electric vehicles don't need catalytic converters, but hybrid vehicles still do. The transition timeline matters — global EV adoption is gradual, and tightening emissions standards for remaining ICE vehicles may offset some demand loss in the near term.

Yes, though options are more limited than gold or silver. The Canadian Palladium Maple Leaf is the main investment coin. Bars are available in 1 oz, 10 oz, and 100g sizes from refiners like PAMP and Valcambi. Premiums are typically higher than gold or silver.

Palladium reached approximately $3,440 per troy ounce in March 2022, driven by supply concerns related to Russia (a major producer) and persistent automotive demand. Prices have since declined as supply chains adjusted and EV adoption accelerated.