Palladium

Two countries mine most of the world's palladium. The US Geological Survey estimates 2025 output at 190 tonnes, with 84 tonnes from Russia and 70 tonnes from South Africa, together about 80% of the total. Sanctions, export limits or mining problems in either country show up in the price quickly.

XPD/USD shows the price of one troy ounce of palladium in US dollars. Most palladium goes into catalytic converters for gasoline cars, where it turns toxic exhaust gases into less harmful ones. Electronics, dentistry and chemical production take smaller shares.

That dependence on the car industry drives the price. Palladium reacts to global car production, emission standards in China, Europe and the US, and the spread of electric vehicles, which need no catalytic converters. When palladium gets too expensive, carmakers partly replace it with platinum, so the two metals often influence each other.

On PrimeXBT, you can trade palladium as a CFD: go long or short on the price without holding the metal. Trading hours and conditions are listed on this page.