Weekly Special Report: Palladium

PALLADIUM USE AND MARKET SHARE:

• Palladium is primarily used in catalytic converters for petrol and hybrid vehicles, where it helps reduce harmful emissions. Automotive demand is forecast at 7.829 million ounces in 2026, representing approximately 85% of total palladium demand.
• MARKET SHARE (PRODUCERS): Russia remains the largest source of global primary palladium supply, holding 43% of the market. 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 (including the USA) hold 20% each. Japan stands at 11%.

PALLADIUM: MARKET DEFICIT EXPECTED

• SUPPLY REMAINS TIGHT. Palladium supply is limited, with Russia producing a large share of the global output. Geopolitical tensions and sanctions continue to restrict exports. Nornickel, Russia’s main producer, has indicated that output may remain constrained, keeping the market tight and supporting higher prices.
• MARKET DEFICIT (2026): Norilsk Nickel (Nornickel), the world’s largest palladium producer, expects the palladium market to remain in deficit in 2026. Overall, the market is projected to post a deficit of around 100,000 ounces in 2026, following last year’s deficit of approximately 200,000 ounces, according to Nornickel estimates.

EVENTS (U.S.):

• FRIDAY, SEPTEMBER 4 AT 13:30 GMT+1: U.S. NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (AUGUST). Investors will closely watch the U.S. labor market after July’s very weak employment data, when nonfarm payrolls (NFP) fell by 23,000. Another weak report could reduce expectations of a Federal Reserve interest rate hike at the September meeting, weighing on the U.S. dollar and supporting palladium prices.
• FRIDAY, SEPTEMBER 11 AT 13:30 GMT+1: U.S. INFLATION DATA (CPI) (AUGUST). Investors will closely watch U.S. inflation after the last two readings declined, from 4.2% in May to 3.5% in June and 3.4% in July. Another weak report could reduce expectations of a Federal Reserve interest rate hike at the September meeting, weighing on the U.S. dollar and supporting palladium prices.

EVENTS (CHINA):

• TUESDAY, SEPTEMBER 8 AT 04:00 GMT+1: CHINA EXPORT AND IMPORT DATA (AUGUST) (EXPORT PREVIOUS: +23.9%; IMPORT PREVIOUS: +27.5%)

• WEDNESDAY, SEPTEMBER 9 AT 02:30 GMT+1: CHINA INFLATION (CPI) (AUGUST) (PREVIOUS: +0.5%) 
• TUESDAY, SEPTEMBER 15 AT 03:00 GMT+1: CHINA INDUSTRIAL PRODUCTION (AUGUST) (PREVIOUS: +4.5%)

TECHNICAL ANALYSIS: ONE-YEAR PERIOD (August, 2025 - August, 2026):

• SUPPORT AREA: $1,300 - $1,350. The support area has been tested only three times over the last 12 months.
• AVERAGE PRICE (AUGUST, 2025 - AUGUST, 2026): $1,456.
• AVERAGE PRICE (2026): $1,502.
• HIGHEST (JULY, 2025 - AUGUST, 2026): $2,190.50 (January 26, 2026)
• LOWEST IN 2026: $1152.75 (June 24).

Prices may move below the support area or exceed previous highs, depending on market developments.

GRAPH (Daily):  June 2025 - August 2026

Data Source: Meta Trade 4 Platform

Please note that past performance does not guarantee future results

Palladium, August 31, 2026
Current Price:  1,417

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 11:50 (GMT+1) 31/08/2026

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