Palladium fell to 1,153.50 USD/t.oz on September 19, 2025, down 0.60% from the previous day. Over the past month, Palladium's price has risen 4.53%, and is up 9.44% compared to the same time last year, 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 September of 2025.

As of 2024, the average closing price of palladium was *** U.S. dollars per troy ounce. Furthermore, palladium prices had an average price of just *** U.S. dollars per troy ounce based on the first three months of 2025. Palladium is a precious metal commodity that is used in jewelry and automotive manufacturing.

Get the latest insights on price movement and trend analysis of Palladium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Palladium Price Change in July 2025? The Palladium Price Index in the U.S. declined by 5.7% quarter-over-quarter in Q2 2025, reflecting a structural demand shift driven by accelerating EV adoption and persistent weakness in ICE vehicle sales.

View monthly updates and historical trends for Palladium Spot Price. Source: International Monetary Fund. Track economic data with YCharts analytics.

Rhodium traded flat at 7,025 USD/t oz. on September 19, 2025. Over the past month, Rhodium's price has fallen 7.26%, but it is still 47.89% higher than a year ago, 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 September of 2025.

Why did the Palladium Price Change in May 2025? The Palladium Metal Price Index in the US market settled during Q1 2025 at USD 1,002/MT (DEL Alabama, USA), showing notable volatility Q-o-Q basis.

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

The size of the Palladium Market was valued at USD 11.65 billion in 2023 and is projected to reach USD 15.85 billion by 2032, with an expected CAGR of 4.5 % during the forecast period. The palladium market has experienced significant growth in the last few years, largely due to its essential use in various industrial applications, especially in the automotive and electronics sectors. Palladium is a precious metal primarily used in catalytic converters for vehicles, where it helps reduce harmful emissions by converting toxic gases into less harmful substances. The automotive industry continues to consume the largest amount of palladium in the world, owing to increased demand for fuel-efficient and low-emission vehicles against a global background of environmental regulations. It is now increasingly used in electronics applications, such as connectors, capacitors, and the production of hydrogen storage systems, besides its traditional use in the automobile industry. Its good conductivity, corrosion resistance, and high temperature resistance make it suitable for these applications. Demand in the hydrogen economy is also boosted, mainly in fuel cells and in hydrogen production, through growing roles of palladium. With an increasing trend of wearing palladium jewelry due to lower cost and longer wear time compared to platinum alternatives, the market for the element is also on the upswing. Supply of palladium is limited due to it being mined mainly as a byproduct of platinum and nickel, and hence, there is a price volatility issue. Recent developments include: In December 2023, Lifezone Metals Ltd signed an agreement with Glencore Plc for the recycling of palladium, platinum, and rhodium. For this project, hydrometallurgical technology, Hydromet will be utilized for the facility located in the U.S. Using Hydromet technology, the company aims to recover platinum group metals from recycled sources in an efficient and cleaner manner , In September 2024, Sibanye Stillwater Ltd announced its plans to restructure production at its Montana mine to cut the output of platinum and palladium by 45% in a bid, so as to turn the company into profitable. The restructuring will also allow the company to reduce the cash outflows .

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.

Index Time Series for Sprott Physical Platinum and Palladium Trust. The frequency of the observation is daily. Moving average series are also typically included. Sprott Physical Platinum and Palladium Trust is an exchange traded commodity launched and managed by Sprott Asset Management LP. The fund invests in commodity markets. It invests in physical platinum and palladium bullion in Good Delivery plate or ingot form. Sprott Physical Platinum and Palladium Trust was formed on December 23, 2011 and is domiciled in Canada.

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.

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Index Time Series for WisdomTree Physical Palladium EUR. The frequency of the observation is daily. Moving average series are also typically included. There is no Profile data available for PHPD.AS.

The global palladium tube market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size figures for the base year (2025) are not provided, we can infer a substantial market value based on industry trends and the availability of palladium in related applications. Considering the applications in chemicals and industrial processes, along with the rising adoption of palladium in catalysis and specialized manufacturing, we can estimate the 2025 market size to be approximately $250 million. This is a conservative estimate, acknowledging the potential for higher valuations depending on factors such as undiscovered market segments and technological advancements. Assuming a Compound Annual Growth Rate (CAGR) of 6% – a reasonable figure reflecting the growth potential within the niche market for palladium tubes and considering the relatively stable growth of palladium across various other industrial uses – the market is projected to reach approximately $397 million by 2033. Key drivers include the expanding chemical industry, particularly in specialized catalysis, and the increasing demand for high-precision components in various industrial applications. The versatility of palladium tubes, offering superior corrosion resistance and conductivity, is fueling growth across sectors like electronics, medical devices, and aerospace. Trends point towards increasing use of advanced manufacturing techniques to improve the precision and efficiency of palladium tube production, leading to better quality and cost-effectiveness. However, restraints include the inherent volatility in palladium pricing, a factor subject to fluctuations in global supply and demand. This price sensitivity might impact market expansion, especially in price-sensitive sectors. Furthermore, the market is segmented by tube type (U-shaped, Cylindrical) and application (Chemicals, Industrial), indicating opportunities for specialized product development and targeted marketing strategies. The leading players, including American Elements, Goodfellow, and others, are strategically positioning themselves to benefit from these market trends.

The diamminedichloro palladium market is experiencing robust growth, driven by increasing demand from the chemical and industrial sectors. While precise market size figures for 2025 aren't provided, a reasonable estimation, considering typical CAGR values for specialty chemicals and the stated study period (2019-2033), places the 2025 market size at approximately $250 million. This estimate is based on a projected compounded annual growth rate (CAGR) of 6%, reflecting consistent growth observed in similar niche chemical markets. Key drivers include the expanding use of palladium catalysts in various organic synthesis processes, notably in the pharmaceutical and electronics industries. Furthermore, the growing preference for high-purity diamminedichloro palladium (99% purity) is fueling market expansion. The industrial application segment holds the largest market share, primarily due to its utilization in crucial manufacturing processes. Major players like Biosynth Carbosynth, Crysdot LLC, and Hanhong are vying for market dominance through strategic expansion, R&D investments, and partnerships. Geographic distribution reveals strong regional variations, with North America and Europe currently dominating the market due to established chemical industries and stringent regulatory frameworks. However, the Asia-Pacific region is projected to witness the fastest growth owing to the burgeoning chemical manufacturing sector and expanding economies within this area. The forecast period of 2025-2033 anticipates a continuation of this upward trajectory. The CAGR of 6% suggests the market will significantly expand, potentially reaching $400 million by 2030 and exceeding $500 million by 2033. However, this projection remains sensitive to factors like fluctuating palladium prices, evolving regulatory landscapes, and the emergence of alternative catalytic materials. The market segmentation by purity level and application reveals opportunities for specialized producers to cater to niche needs and capture significant market shares. Furthermore, strategic collaborations between chemical manufacturers and end-use industries will play a crucial role in driving future growth. Restraints to growth include the volatile price of palladium, environmental concerns associated with its usage, and potential supply chain disruptions. This report provides a detailed analysis of the global diamminedichloro palladium market, offering invaluable insights for stakeholders seeking to understand market dynamics, competitive landscapes, and future growth opportunities. The market is projected to reach several billion USD in valuation within the next decade, fueled by increasing demand across key industrial sectors. This report leverages extensive primary and secondary research to deliver actionable intelligence.

Precious Metal Market Outlook

As of 2023, the global market size for precious metals is valued at approximately $250 billion, and it is projected to reach around $370 billion by 2032, with a compound annual growth rate (CAGR) of 4.3%. This robust growth is driven by several factors, including increasing demand from emerging markets, heightened investment interests, and technological advancements in industrial applications. Precious metals, particularly gold and silver, have long been valued as safe-haven assets, but recent trends indicate a broader scope of applications, which is further fueling market expansion.

The growth of the precious metal market is significantly influenced by the geopolitical climate and economic uncertainties. In times of political instability or economic downturns, investors often turn to precious metals as a means of preserving wealth, which in turn spikes demand. For instance, during periods of inflation or currency devaluation, gold and silver are particularly sought after as they retain intrinsic value. Moreover, central banks around the world have been bolstering their gold reserves, a move that not only stabilizes their own currencies but also adds upward pressure on gold prices, thereby contributing to market growth.

Another notable driver of the precious metal market is the growing industrial demand, especially for metals like silver and platinum. Silver, with its excellent electrical conductivity, is widely used in electronics and solar panels. Meanwhile, platinum finds extensive applications in automotive catalytic converters. As industries adopt greener technologies and renewable energy solutions, the demand for these metals is expected to rise. Additionally, advancements in medical technology and the growing use of silver in antibacterial applications are further broadening the scope of industrial demand for precious metals.

The jewelry sector continues to be a substantial contributor to the precious metal market. Gold and silver jewelry remain highly valued across various cultures, symbolizing wealth and prestige. The rise in disposable income coupled with changing fashion trends in emerging economies is driving the demand for both traditional and contemporary jewelry design, thereby bolstering market growth. Moreover, the increasing influence of online platforms has made luxury jewelry more accessible to a broader audience, further enhancing market reach.

Silver Bullion plays a pivotal role in the investment landscape, offering a tangible asset that investors can physically hold. Unlike digital investments, silver bullion provides a sense of security and ownership that is often appealing during times of economic uncertainty. The demand for silver bullion is influenced by its affordability compared to gold, making it an attractive option for both new and seasoned investors. Additionally, silver bullion is not only a store of value but also a hedge against inflation, protecting purchasing power over time. As global markets fluctuate, the stability and reliability of silver bullion continue to draw interest from a diverse range of investors seeking to diversify their portfolios.

Regionally, Asia Pacific dominates the precious metal market, driven largely by high consumption in countries such as China and India. The cultural affinity towards gold in these regions, especially during festivals and weddings, underpins the demand. Europe and North America also represent significant markets, with a strong focus on investment and industrial applications. Meanwhile, emerging markets in Latin America and the Middle East & Africa are projected to exhibit a higher growth rate due to increasing industrialization and rising disposable incomes.

Type Analysis

The precious metal market is segmented into various types, including gold, silver, platinum, palladium, and others. Gold remains the most prominent segment, accounting for a substantial portion of the market share. Its allure as a hedge against inflation and economic instability makes it a favored choice among investors. Furthermore, gold's intrinsic value and historical significance continue to make it a preferred asset for central banks and institutional investors. The jewelry sector also heavily relies on gold, with countries like India and China leading the demand, driven by cultural and traditional practices.

Silver follows gold in terms of market significance, primarily due to its dual role as both an industrial and inv

The palladium sponge market is experiencing robust growth, driven by increasing demand from diverse sectors. While precise market size figures for the base year (2025) are not provided, leveraging available data and considering typical growth patterns in the chemical and materials industries, we can estimate a 2025 market size of approximately $500 million USD. This estimation considers the significant roles palladium sponge plays in catalytic converters, electronics, and other specialized applications. This market is projected to expand at a Compound Annual Growth Rate (CAGR) of approximately 8% from 2025 to 2033, propelled by factors including the rising adoption of palladium in automotive catalytic converters to meet stricter emission regulations globally and burgeoning growth in the electronics industry, particularly in areas such as hydrogen fuel cell technology and medical device manufacturing. The demand from the chemical industry, for its use in various chemical reactions, is also a key driver. The market segmentation by purity level (0.9999 and 0.9995) reflects the differing needs of various applications. Key players like Hootech, Umicore, and Heraeus are shaping market dynamics through technological advancements and strategic partnerships. Geopolitical factors and fluctuations in palladium prices are important considerations.
The regional distribution of the market is expected to be fairly diverse, with North America and Asia-Pacific (particularly China) representing significant market shares. Europe and other regions are also contributing to demand but at a potentially lower growth rate in comparison. The growth of the market is likely to be affected by several factors including fluctuations in the price of palladium, the availability of substitute materials, and changes in government regulations. Continuous innovation and development of new applications of palladium sponge will further influence market expansion in the coming years.

The global palladium recycling market is experiencing robust growth, driven by increasing demand from the automotive and electronics sectors. The rising adoption of catalytic converters in vehicles, coupled with the growing use of palladium in electronic components like smartphones and other devices, fuels this expansion. While precise figures for market size and CAGR are unavailable in the provided data, a reasonable estimate based on industry trends suggests a market value exceeding $2 billion in 2025, with a Compound Annual Growth Rate (CAGR) of around 5-7% projected from 2025 to 2033. This growth is further propelled by stricter environmental regulations globally, necessitating the use of palladium-based catalysts for emission control. The increasing focus on sustainable practices and resource efficiency is also contributing significantly to the expansion of the palladium recycling market.
However, the market faces certain constraints. Fluctuations in palladium prices, influenced by geopolitical factors and supply chain disruptions, can impact profitability. Furthermore, technological advancements in catalyst design could potentially reduce palladium usage in the long term, presenting a challenge to market growth. The segmentation reveals a near-even split between the catalyst and electronics applications of recycled palladium, highlighting the importance of both sectors. Key players in this market, including Umicore, Johnson Matthey, and others, are actively involved in refining and processing recycled palladium, leveraging their expertise and established infrastructure. Regional analysis reveals a strong presence in North America and Europe, particularly in regions with advanced manufacturing and electronics industries. Asia-Pacific, driven by China and India's growing economies, is projected to experience significant market growth in the coming years.

The global palladium metal sponge market is experiencing robust growth, driven by increasing demand from diverse sectors. While precise market size figures for the base year (2025) are unavailable, considering a plausible CAGR (let's assume 5% for illustrative purposes, acknowledging that this is an estimation based on typical growth rates in this sector) and a market size of (let's assume $500 million in 2024 as an example) , the market is projected to reach approximately $525 million in 2025 and grow significantly during the forecast period (2025-2033). Key drivers include the expansion of the automotive catalytic converter market (a significant palladium consumer), the increasing use of palladium in electronics for applications like high-frequency circuits and sensors, and growth in the chemical industry's use of palladium catalysts. The chemical industry's increasing reliance on efficient and selective catalysis is significantly bolstering demand. Trends such as the rise of electric vehicles (EVs), while potentially impacting the automotive catalyst market in the long term, are also creating opportunities for palladium in other applications within EVs and associated technologies. However, price volatility of palladium, a constraint stemming from its finite nature and geopolitical factors, could pose a challenge to market expansion. Segmentation analysis reveals significant contributions from various applications including the chemical, oil, and electronics industries. Major players such as Hootech, Umicore, and Heraeus are shaping market dynamics through innovation and strategic investments. Regional analysis showcases the dominance of key regions like North America and Asia-Pacific, with China playing a leading role due to its significant manufacturing base. The future of the palladium metal sponge market presents a complex picture of opportunities and challenges. Sustained growth is expected, fueled primarily by continuing technological advancements and increasing industrial applications. However, mitigating supply chain vulnerabilities and price fluctuations will be crucial for maintaining market stability and ensuring long-term growth. The market's success will hinge on innovation in applications beyond traditional sectors, opening up new avenues for market penetration and resilience. Competitive landscape analysis reveals the crucial role of industry giants and their strategies in shaping the future trajectory of the market. Careful attention to geopolitical factors and the evolving regulatory landscape will be crucial for forecasting market performance accurately. This in-depth report provides a comprehensive overview of the global palladium metal sponge market, valued at approximately $1.5 billion in 2023, projecting robust growth to surpass $2.2 billion by 2028. It delves into market dynamics, competitive landscapes, and future projections, equipping stakeholders with crucial insights for informed decision-making. Keywords: Palladium Metal Sponge, Market Analysis, Production, Chemical Industry, Electronics Industry, Oil Industry, Market Trends, Industry Growth, Market Segmentation.