Palladium increased 62.50 USD/t oz. or 7.03% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palladium - values, historical data, forecasts and news - updated on March of 2025.

As of 2022, the average closing price of palladium was 2,061 U.S. dollars per troy ounce, a 14 percent drop compared to the 2021 average closing price. Furthermore, Palladium prices had an average price of 1,491 U.S. dollars per troy ounce based on the first four months of 2023. Palladium is a precious metal commodity that is used in jewelry and automotive manufacturing.

In 2023, the price of palladium in the USA reached 1493 USD/Troy Ounce (H2 2023 Avg Price). It encompasses an in-depth review of spot price of palladium at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of palladium price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

Rhodium increased 1,000 USD/t oz. or 21.86% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rhodium - values, historical data, forecasts and news - updated on March of 2025.

Rhodium price data, historical values, forecasts, and news provided by Money Metals Exchange. Rhodium prices and trends updated regularly to provide accurate market insights.

In 2022, the total global demand for palladium reached nearly 9.5 million ounces. In 2023, palladium demand is forecast to decrease to 9.4 million ounces worldwide.

Palladium, a platinum group metal, is often used as a part of catalytic converters, which is involved in the conversion of the harmful substances in automotive exhaust into less harmful substances.

In 2023, automobile exhaust systems accounted for the largest quantity of palladium consumed worldwide, at approximately 240.3 metric tons. This figure represents 82 percent of worldwide palladium consumption for that year.

The Precious Metals Marketsize was valued at USD 261.94 Billion in 2023 and is projected to reach USD 371.04 Billion by 2032, exhibiting a CAGR of 5.1 % during the forecast period.The word "precious metals" implies a dozen metallic earthly metals that are scarce and notable for their properties, including rarity, strength, and value deriving from their special characteristics, naturalness, and long service lives. These types of metals are counted as precious metals, which include gold, platinum, silver, and palladium. Being the only of its kind, this is the reason why people need them to either be converted into jewellery, monetary use, or industrial processes. The precious metal charts its course higher than its peers because of its known properties, such as a shiny mirror and even the ability to fabricate in different designs, while also being pegged as a synonym for success and stability. Precious metal has found its use in jewellery and as a hedge against inflation. Thanks to its unique property of being an almost excellent conductor and antibacterial, it can be used in the making of electrical stuff, photography, and medical equipment. Platinum exhibits excellent corrosion resistance and has high melting points, so it is used in the fabrication of catalytic converters, fuel cells, and jewellery. Palladium and platinum have some common nodes, such as platinum being highly utilized in the making of catalytic converters and electronics, which include components such as hard drives and memory cards. Key drivers for this market are: Increasing Disposable Income and Changing Lifestyle to Drive Growth. Potential restraints include: Inconsistent Prices of Precious Metals to Impede Growth.

The abundance and distribution of palladium, iridium and gold has been determined in manganese nodules from widely varying locations and geological environments within the Atlantic, Indian and Pacific Oceans. The distribution of these metals is characterized by a lack of distinct regional variations, homogeneous distribution within an individual nodule, and a lack of any correlation with variations in major and other trace elements in the nodules. Assuming that all the iridium in the manganese nodules is of extraterrestrial origin, an upper limit on the mass accretion rate of interplanetary matter to the earth is calculated to be 60 tons/day over the surface of the earth.

Precious Metals Market is valued at $225 billion in 2024 and is projected to reach $350 billion by 2034, growing with increasing industrial demand and investor interest

Statistics illustrates consumption, production, prices, and trade of Metals; palladium, unwrought or in powder form in Ecuador from 2007 to 2024.

Statistics illustrates consumption, production, prices, and trade of Metals; palladium, unwrought or in powder form in Bosnia and Herzegovina from 2007 to 2024.

Statistics illustrates consumption, production, prices, and trade of Metals; palladium, semi-manufactured in Nicaragua from 2007 to 2024.

The table includes 50 products with the active ingredient Palladium.

The mine production of palladium in Russia reached an estimated 75 metric tons in 2024. This production volume ranked Russia as the world's leading palladium producer that year. The average price of palladium was 1,491 U.S. dollars per ounce in 2023. Palladium is a platinum group metal. Uses of palladium The largest share of global palladium consumption is attributed to catalytic converter production, a key component of internal combustion engines that power the majority of motor vehicles produced worldwide. Other areas of application of palladium are electronics, jewelry, medical purposes, dentistry, and other chemical applications. Palladium is a key component of fuel cells, which are used to convert chemical energy from fuel into electricity. Regional palladium production In 2024, approximately 190 metric tons of palladium was produced worldwide. South Africa was the second-largest palladium producer after Russia that year, with production amounting to some 72 metric tons. The top palladium consuming regions are China, North America, and Europe. The United States and China are also the two individual countries with the largest global market shares of auto production.

Rhodium is a precious metal that removes pollutants from vehicle exhaust fumes. In February 2020, the price of rhodium was 11,665 U.S. dollars per troy ounce. By May 2020, the price decreased to below 8,000 U.S. dollars per ounce. In April 2021, the price rose to a new high of 28,775 U.S dollars, before decreasing throughout 2022 and early 2023. By December 2024, the average price significantly decreased, reaching around 4,575 U.S. dollars per troy ounce. In comparison, the price for an ounce of rhodium was approximately 5,905 U.S. dollars in August 2022. The rarest metal: Rhodium Rhodium is a rare and precious metal that belongs to the platinum group metals (PGMs), along with platinum, palladium, osmium, iridium, and ruthenium. Due to its scarcity, it is one of the most valuable metals in the world, often exceeding the price of gold. Rhodium is extensively used in the automotive industry to manufacture catalytic converters that reduce harmful emissions. Over the last few years, even with a steady supply, Rhodium demand has risen significantly, exceeding supply due to stricter emission regulations and advancements in the automobile industry. The significance of PGMs in South Africa South Africa is rich in various natural resources, such as metals and minerals. For example, almost all of the total global reserves of PGMs are in South Africa. In 2023, PGMs generated the highest revenue share in the South African mining sector compared to other commodities, amounting to 370 billion rands.

Map(s) of Pd (palladium) concentration (Total content, Aqua Regia soluble content, and/or Mobile Metal Ion soluble content) in Top Outlet Sediment (TOS) and/or Bottom Outlet Sediment (BOS) samples, dry-sieved to <2 mm and/or <75 um grain size fractions. Source: The Geochemical Atlas of Australia (Caritat and Cooper, 2011)

In this study, we introduce a chiral, unsymmetrical bidentate phosphorus ligand, integrating features from bicyclic bridgehead phosphoramidite and Trost ligand structures, which forms a stable 1:1 complex with palladium without oligomerization, as confirmed by 31P{1H} NMR spectroscopy and X-ray crystallography. This ligand exhibits exceptional performance in palladium-catalyzed allylic substitution reactions, achieving up to 99% yield and 99% ee. Our research includes an analysis of endo- and exo-allyl-Pd intermediates, identified by 31P{1H} NMR spectroscopy, and investigates their distinct nucleophilic addition mechanisms. Steric map analysis of these intermediates reveals that the favored transition states involve minimal distortion in the allyl Pd species, leading to high enantioselectivity aligned with the energy profiles by DFT computation. This study not only offers a significant advance in ligand design but also enhances the understanding of mechanistic aspects of enantioselective palladium-catalyzed allylic substitution reactions.

[175 Pages Report] Sales in the global colloidal metal particles market are slated to top US$ 20.2 Billion in 2022. Expanding at a healthy 8.1% CAGR, the market size is projected to total US$ 32.3 Billion by 2028.

How The Market Progressed Till June 2022?

Scope of Report

Gold and silver prices increased over the course of 2021, but these did not grow as fast as the prices of iridium and, especially, rhodium. According to a comparison of price indices, the price for rhodium - a precious metal similar to platinum and used especially in catalytic converters of cars - was ten times higher in April 2021 than it was in January 2019. The price hike for rhodium was apparently caused by coronavirus-related lockdowns implemented in South Africa, where mining companies had to close for several weeks.