NEWS

Palladium Market Trends

Palladium prices have stabilized around $940 per ounce, recovering from an eight-month low. The price increase is attributed to a weaker US dollar and President Trump's decision to delay planned tariff hikes. However, ongoing trade tensions between the US and China continue to impact the market. Russia and South Africa, the largest palladium producers, account for 70-80% of global output. Palladium's price is influenced by global market trends, supply and demand dynamics, and geopolitical tensions. The metal plays a vital role in the automotive industry, particularly in catalytic converters, and its price movements are closely monitored by investors and industries. In Pakistan, local factors such as demand for palladium in jewelry and industrial uses also contribute to price fluctuations. Monitoring international market trends and local price changes is crucial for those looking to buy or invest in palladium.