Weekly Special Report: PALLADIUM

 

PALLADIUM USE AND MARKET SHARE:

• TOP PALLADIUM INDUSTRIES: Palladium is primarily used in automotive catalytic converters, which account for approximately 81% of global demand. These devices reduce harmful emissions from gasoline-powered vehicles and hybrid cars. Other important applications include electrical and electronics manufacturing (5.3%), chemical production (5.1%), investment (3.8%), and dental and biomedical applications (1.6%). Palladium is also used in hydrogen purification technologies, fuel cells, sensors and specialised industrial equipment.
• TOP PALLADIUM PRODUCERS: Russia is the world's largest palladium producer, accounting for approximately 44% of global mine production, followed by South Africa (37%), Canada (8%), Zimbabwe (8%), the United States (3%), and other countries (around 2%). Russia and South Africa together account for approximately 80% of global mine production, making the market highly dependent on these two countries
• TOP PALLADIUM CONSUMERS: China is one of the largest individual palladium consumers, accounting for approximately 24% of global demand. Europe accounts for around 21%, North America 19%, Japan 10%, while the rest of the world accounts for approximately 26%. Demand is closely linked to automotive manufacturing, particularly in China, the United States, Japan and Germany.

Source: Criticalstrategicmetals.com, Wiley Online Library, vester.si

 

U.S. LABOUR MARKET DATA:

• TUESDAY, NOVEMBER 3 AT 15:00 GMT: U.S. JOLTS JOB OPENINGS (SEPTEMBER). U.S. job openings declined to 7.079 million in August, down from 7.335 million in July, indicating a cooling labor market. A lower-than-expected reading could signal further weakness in labor demand, potentially reducing expectations of higher interest rates and supporting palladium prices. 
• WEDNESDAY, NOVEMBER 4 AT 13:15 GMT: U.S. ADP NONFARM EMPLOYMENT CHANGE (OCTOBER). Private-sector employment increased by 90,000 in September, exceeding expectations. However, the latest forecast points to a slower increase of approximately 65,000 jobs in October. A weaker-than-expected reading could indicate slowing employment growth, potentially weighing on the U.S. dollar and supporting palladium prices.
• FRIDAY, NOVEMBER 6 AT 13:30 GMT: U.S. NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (OCTOBER). U.S. nonfarm payroll employment increased by only 29,000 in September, while the unemployment rate rose to 4.2%. Another weak employment report could reinforce concerns about a cooling U.S. labor market, potentially increasing expectations of a less restrictive Federal Reserve monetary policy, weighing on the U.S. dollar and supporting palladium prices.

 

CHINA:

• MONDAY, NOVEMBER 9 AT 02:30 GMT: CHINA INFLATION (CPI) (OCTOBER) (PREVIOUS: +0.9%) 
• TUESDAY, NOVEMBER 10 AT 04:00 GMT: CHINA EXPORT AND IMPORT DATA (OCTOBER) (EXPORT PREVIOUS: +36.3%; IMPORT PREVIOUS: +31%)
• MONDAY, NOVEMBER 16 AT 03:00 GMT: CHINA INDUSTRIAL PRODUCTION (OCTOBER) (PREVIOUS: +5.5%)

 

TECHNICAL ANALYSIS:

• BREAKING (OCTOBER 30): PALLADIUM PRICE HIT ITS LOWEST RATE IN 17 MONTHS ($958.25).
• SUPPORT AREA: $900. Palladium has tested the region near $900 again, for the first time in 13 months. The weekly chart below shows that the region around $900 has acted as strong support since June 2017, for more than nine years.
• SUPPORT AREA: $900. The weekly chart below shows that palladium has tested the $900 level seven times since mid-2017, when it became a strong support level. However, prices could fall further.

GRAPH (Weekly): January 2016 – November 2026

Please note that past performance does not guarantee future results

Palladium, November 2, 2026
Current Price:   958

 

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 exchange rate used as of 13:00 (GMT) 02/11/2026

 

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