Weekly Special Report: Palladium

 

PALLADIUM USE AND MARKET SHARE:

• Palladium is mainly used in catalytic converters for petrol and hybrid vehicles, where it helps reduce harmful emissions. Automotive demand is expected to remain the main source of palladium demand in 2026, accounting for more than 80% of total demand.
• MARKET SHARE (PRODUCERS): Russia remains the largest source of global palladium supply, accounting for around 44% of global mined production. South Africa is the second-largest producer with around 37%, while Canada is third with around 8%. Zimbabwe is the fourth-largest producer, with a slightly lower than 8% market share.

 

PALLADIUM: SUPPLY SIDE REMAINS RESTRICTED

• SUPPLY REMAINS UNDER PRESSURE: Russia remains a key source of global palladium supply, with Nornickel accounting for around 40% of worldwide production. Geopolitical tensions and sanctions-related restrictions on trade and logistics continue to create risks for Russian palladium supply. Nornickel expects its palladium production to fall to around 2.4–2.5 million ounces in 2026, a roughly 20-year low.

 

 

EVENTS (U.S.):

• WEDNESDAY, OCTOBER 14 AT 13:30 GMT+1: US INFLATION DATA (CPI) (SEPTEMBER). A softer-than-expected CPI could further decrease rate hike expectations and support industrial metals demand, potentially boosting palladium prices.
• THURSDAY, OCTOBER 15 AT 13:30 GMT+1: U.S. PRODUCERS’ PRICE INDEX (PPI) (SEPTEMBER). U.S. PPI increased in August from 0.1% to 0.4% which was in line with expectation after several months of fall.
• THURSDAY, OCTOBER 15 AT 13:30 GMT+1: U.S. RETAIL SALES (SEPTEMBER). In August Retail Sales increased 1.2% after an unexpected fall in August.  A weak report could reduce expectations of a Federal Reserve interest rate hike, weighing on the U.S. dollar and supporting palladium prices.

 

 

EVENTS (CHINA):

• WEDNESDAY, OCTOBER 14 AT 04:30 GMT+1: CHINA INFLATION (CPI) (SEPTEMBER). Stronger-than-expected data could reinforce expectations of stronger economic activity, supporting palladium prices. In August, China’s inflation rose by 0.8% year over year.
• WEDNESDAY, OCTOBER 14 AT 04:30 GMT+1: CHINA EXPORT AND IMPORT DATA (SEPTEMBER) (EXPORT PREVIOUS: +25.0%; IMPORT PREVIOUS: +28.2%).
• MONDAY, OCTOBER 19 AT 03:00 GMT+1: CHINA INDUSTRIAL PRODUCTION (SEPTEMBER) (PREVIOUS: +5.2%)

 

 

TECHNICAL ANALYSIS:

• SUPPORT AREA: $1,000 - $1,100. After recently falling, Palladium is back near its strongest support area around 1,000-1,100. Palladium has tested this region just 2 times during last year, while the price remained most of the time above the current support levels.

 

GRAPH (Daily):  February 2018 - October 2026                                            

Please note that past performance does not guarantee future results

 

 

Palladium, October 09, 2026
Current Price:  1,154

 

Example of calculation based on weekly market trend for 1.00 Lot¹

1. The above calculations are made based on 1.00 lot which is equivalent of 100 units
2. Calculations for the exchange rate used as of 11:30 (GMT+1) 09/10/2026

You can use risk management tools such as Stop-Loss and Take-Profit