Palladium futures traded at around $2,600 per troy ounce, in tandem with platinum as supply returns and US and European auto production slows due to semiconductor shortages. The long-term outlook for palladium remains optimistic, as tighter car pollution standards in Europe and China are pushing up the demand for the metal, which is used in catalytic converters and stands as a cheaper alternative to rhodium.
Historically, Palladium reached an all time high of 3017.18 in May of 2021. Palladium - data, forecasts, historical chart - was last updated on July of 2021.
Palladium is expected to trade at 2809.69 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3265.59 in 12 months time.