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 (EXPECTED: TUESDAY, DECEMBER 2 AT 14:00 GMT): US SPECIAL ENVOY STEVE WITKOFF TO MEET PRESIDENT PUTIN IN MOSCOW, RUSSIA. 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 (CHINA):

• MONDAY, DECEMBER 8 AT 03:00 GMT: CHINA EXPORT/IMPORT DATA (NOVEMBER). Stronger-than-expected import figures would signal improving industrial demand within China, the world’s largest consumer of many metals. For palladium, used heavily in catalytic converters, firmer trade data could support a more positive demand outlook.
• WEDNESDAY, DECEMBER 10 AT 01:30 GMT: CHINA INFLATION (CPI) (NOVEMBER). A stronger-than-expected CPI reading would indicate improving consumer and economic activity in China. A healthier economic environment typically boosts auto demand, indirectly supporting higher palladium consumption.
• MONDAY, DECEMBER 15 AT 02:00 GMT: CHINA INDUSTRIAL PRODUCTION (NOVEMBER). A stronger industrial production figure would point to expanding manufacturing activity. Since palladium demand is closely tied to the auto sector and industrial output, a robust reading would be supportive for prices.

TECHNICAL ANALYSIS:

• UPTREND SINCE AUGUST 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 August 2025. However, the price could decline.
• SUPPORT: $1,400 - $1,350. The area has acted as strong support since early October 2025.
• PALLADIUM PRICE ABOVE 20-,50-, AND 100-DAILY MOVING AVERAGES: Palladium price has remained above its 20-, 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 $1,455, and if a full recovery takes place, the price of palladium could see an upside of around 135%. Although the price could decline as well.

GRAPH (Daily): May 2025 – December 2025

Please note that past performance does not guarantee future results

Palladium, December 2, 2025.
Current Price: 1,455

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 10:30 (GMT) 2/12/2025

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.