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: RUSSIA-UKRAINE PEACE DEAL UNCERTAINTY

• EVENT (THURSDAY, NOVEMBER 27): DEADLINE IMPOSED BY US PRESIDENT DONALD TRUMP FOR UKRAINE TO ACCEPT THE LATEST PEACE DEAL PROPOSAL. The latest peace proposal crafted by the Trump-led administration includes that Ukraine must give up Donetsk and Luhansk (Donbass Region), Crimea, and some territory in Zaporizhzhia and Kherson. There have already been similar proposals throughout 2025, and all of them ended with no agreement.

LAST TIME (OCTOBER): TRUMP–PUTIN CALL ON OCTOBER 16, 2025. The call led to a potential new summit between US President Trump and Russian President Putin, but due to further disagreements, the summit never happened, and Trump announced sanctions on Russia’s Lukoil and Rosneft on October 22.

RUSSIA IS THE LARGEST PRODUCER OF PALLADIUM IN THE WORLD (43% OF TOTAL GLOBAL SUPPLY).

RUSSIA IS THE LARGEST EXPORTER OF PALLADIUM IN THE WORLD (23% OF TOTAL GLOBAL EXPORTS).

EVENTS:

• WEDNESDAY, NOVEMBER 26 AT 13:30 GMT: U.S. WEEKLY INITIAL JOBLESS CLAIMS. A higher-than-expected jobless claims reading would point to cooling labor-market conditions, increasing expectations for further Federal Reserve rate cuts. This would put pressure on the U.S. dollar and help support palladium prices, as lower rates typically boost demand for commodities.
• SUNDAY, NOVEMBER 30 AT 1:30 GMT: CHINESE MANUFACTURING PURCHASING MANAGERS INDEX (NOVEMBER). China’s Manufacturing PMI is a key indicator for palladium markets, given China’s central role in global industrial and automotive demand. A stronger reading would point to improving factory activity, reinforcing a bullish outlook for palladium consumption and helping to support upward price momentum. (Previous: 49.0)

TECHNICAL ANALYSIS:

• UPTREND SINCE JANUARY 2025: As shown in the daily chart below, the price of palladium has been in a steady uptrend, supported by a rising uptrend channel since January 2025. However, the price could decline.
• NEAR-TERM SUPPORT: $1,400 - $1,350. Palladium prices have managed to maintain the region as strong support area since early October 2025.
• PALLADIUM HIT AN ALL-TIME HIGH OF $3,409 (March 2022): Palladium price has traded around $1,430, and if a full recovery takes place, the price of palladium could see an upside of around 138%. Although the price could decline as well.

GRAPH (Daily): January 2025 – November 2025

Please note that past performance does not guarantee future results

Palladium, November 25, 2025.
Current Price: 1,420

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 8:32 (GMT) 25/11/2025

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.