PALLADIUM

Palladium weekly special report based on 1.00 Lot Calculation:

PALLADIUM USE AND MARKET SHARE:

• Palladium is mostly used in catalytic converters by the car industry to reduce harmful gas emissions, while tightening regulations are forcing automakers to put more Palladium into each vehicle, which in turn could keep the demand outlook positive. Palladium has also been used in fuel cells to generate power.
• MARKET SHARE (PRODUCERS): Russia is the largest producer, holding 43% of the market, while South Africa is the second largest with 33.00% of the market. Canada is third on the list with 9.5% of the global production.
• MARKET SHARE (CONSUMERS): China is the largest Palladium consumer with 31%, while Europe and North America (USA) hold 20% each. Japan stands at 11%.

GEOPOLITICS: CHINA – USA TRADE

• EVENT (THURSDAY, OCTOBER 30): TRUMP – XI MEETING. According to Reuters, US President Donald Trump will meet his Chinese counterpart Xi Jinping in South Korea on 30 October on the sidelines of a summit in Asia. The bilateral meeting will happen at the sidelines of the Asia Pacific Economic Co-operation Summit (Apec).

GEOPOLITICS: RUSSIA-UKRAINE CONFLICT

• BREAKING: U.S. ANNOUNCES NEW SANCTIONS ON RUSSIAN ENERGY COMPANIES (LUKOIL AND ROSNEFT); RUSSIA HOLDS NUCLEAR DRILLS. According to Reuters, the United States imposed fresh sanctions on Russia’s major oil producers, accusing Moscow of showing no genuine commitment to ending the war in Ukraine. At the same time, Russia conducted large-scale nuclear readiness drills, signaling escalating geopolitical tensions. These developments raise fears of broader sanctions that could further disrupt Russian exports, including palladium, which accounts for roughly 40% of global supply.

US FEDERAL RESERVE:

• WEDNESDAY, OCTOBER 29 AT 18:00 GMT: US FEDERAL RESERVE INTEREST RATE CUT DECISION. The Federal Reserve is widely expected to cut rates by another 25 basis points to 4.00%, continuing its easing cycle to support economic growth amid moderating inflation. A rate cut would likely weaken the U.S. dollar and boost investor demand for precious metals, including palladium.
• BREAKING (SEPTEMBER 17, 2025): US FEDERAL RESERVE CUT INTEREST RATE TO 4.25% FROM 4.50%, ITS FIRST INTEREST RATE CUT SINCE DECEMBER 2024. The Federal Reserve policymakers said they expect to see 2 more rate cuts by the end of 2025, to slash current rates to 3.75%.

EVENTS:

• FRIDAY, OCTOBER 31 AT 01:30 GMT: CHINA MANUFACTURING PMI (SEPTEMBER). A rebound in China’s manufacturing PMI would indicate improving factory activity and stronger demand in the automotive and industrial sectors — both major consumers of palladium. A stronger reading could therefore boost market sentiment and support higher palladium prices. (PREVIOUS: 49.8)

TECHNICAL ANALYSIS:

• UPTREND SINCE APRIL 2025: As shown in the daily chart below, palladium has been in a steady uptrend, supported by a rising uptrend channel since April 2025. However, the price could decline.
• PALLADIUM PRICE ABOVE 50-, AND 100-DAILY MOVING AVERAGES: Palladium price has remained above its 50-, and 100-day moving averages, indicating a potential uptrend. The trend could reverse if Palladium price goes below these averages.
• PALLADIUM HIT AN ALL-TIME HIGH OF $3,409 (March 2022): Palladium price has traded around $1,370, and if a full recovery takes place, the price of palladium could see an upside of around 149%. Although the price could decline as well.

GRAPH (Daily): April 2025 – October 2025

Please note that past performance does not guarantee future results

Palladium, October 28, 2025.
Current Price: 1,370

Example of calculation based on weekly trend direction for 1.00 Lot¹

1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 9:55 (GMT) 28/10/2025

There is a possibility to use Stop-Loss and Take-Profit.

• You may wish to consider closing your position in profit, even if it is lower than suggested one.
• Trailing stop technique could protect the profit.