# Palladium Price per kg (United States)

As of October 2026, the US benchmark price of palladium is $41,504 per kg contained. The price has fallen to its lowest level of the past year, $41,504 per kg contained.

Source: https://www.stockatomics.com/commodities/palladium-price-us
Category: Critical Minerals (https://www.stockatomics.com/commodities/critical-minerals)
Lists: US Critical Minerals List, EU Critical Raw Materials Act

## Key figures

| Figure | Value |
| --- | --- |
| Price per kg contained | $41,504 |
| Price type | Stockatomics monthly benchmark |
| Price month | October 2026 |
| 1-month change | −5.2% |
| 6-month change | −22.9% |
| 1-year change | +12.8% |
| 5-year change | −51.6% |
| 12-month high | $53,837 |
| 12-month low | $41,504 |
| Last updated | 18 October 2026 |

## Price summary

At $41,504, the price is at its lowest in the past 12 months. In the past year the monthly price has moved between $41,504 and $53,837. Measured over longer windows, palladium is +12.8% on the year and −51.6% over five years.

## Palladium monthly prices

USD per kg contained, newest first.

| Month | Price | Change |
| --- | --- | --- |
| October 2026 | $41,504 | 0.0% |
| September 2026 | $41,504 | 0.0% |
| August 2026 | $41,504 | −5.2% |
| July 2026 | $43,762 | −3.8% |
| June 2026 | $45,498 | −9.4% |
| May 2026 | $50,237 | +2.2% |
| April 2026 | $49,155 | −6.8% |
| March 2026 | $52,749 | −2.0% |
| February 2026 | $53,837 | +13.0% |
| January 2026 | $47,656 | +4.5% |
| December 2025 | $45,583 | +6.2% |
| November 2025 | $42,925 | +9.9% |
| October 2025 | $39,072 | +5.9% |
| September 2025 | $36,904 | +0.3% |
| August 2025 | $36,783 | +2.6% |
| July 2025 | $35,838 | +10.6% |
| June 2025 | $32,408 | +2.0% |
| May 2025 | $31,764 | +4.7% |
| April 2025 | $30,347 | −1.2% |
| March 2025 | $30,710 | −3.3% |
| February 2025 | $31,753 | +4.5% |
| January 2025 | $30,398 | −5.7% |
| December 2024 | $32,229 | −3.5% |
| November 2024 | $33,385 | −1.5% |
| October 2024 | $33,890 | +10.5% |
| September 2024 | $30,658 | +0.7% |
| August 2024 | $30,439 | +0.8% |
| July 2024 | $30,194 | −0.9% |
| June 2024 | $30,463 | −4.6% |
| May 2024 | $31,938 | −3.0% |
| April 2024 | $32,912 | +2.9% |
| March 2024 | $31,980 | +2.4% |
| February 2024 | $31,224 | −4.7% |
| January 2024 | $32,763 | −3.4% |
| December 2023 | $33,926 | −3.1% |
| November 2023 | $35,022 | −9.0% |
| October 2023 | $38,505 | −1.2% |
| September 2023 | $38,965 | −4.7% |
| August 2023 | $40,907 | −6.1% |
| July 2023 | $43,553 | −7.7% |
| June 2023 | $47,170 | −6.3% |
| May 2023 | $50,348 | +2.5% |
| April 2023 | $49,125 | +3.0% |
| March 2023 | $47,684 | −13.7% |
| February 2023 | $55,248 | −2.4% |
| January 2023 | $56,586 | −5.5% |
| December 2022 | $59,874 | −6.5% |
| November 2022 | $64,035 | −8.0% |
| October 2022 | $69,583 | +2.6% |
| September 2022 | $67,814 | +5.9% |
| August 2022 | $64,061 | +8.2% |
| July 2022 | $59,223 | −6.5% |
| June 2022 | $63,333 | −4.9% |
| May 2022 | $66,624 | −16.6% |
| April 2022 | $79,843 | −3.6% |
| March 2022 | $82,861 | +18.9% |
| February 2022 | $69,706 | +17.3% |
| January 2022 | $59,406 | −8.5% |
| December 2021 | $64,938 | −7.1% |
| November 2021 | $69,878 | −0.8% |
| October 2021 | $70,451 | −9.6% |
| September 2021 | $77,900 | −9.1% |
| August 2021 | $85,718 | −2.5% |
| July 2021 | $87,928 | −1.3% |
| June 2021 | $89,087 | +0.5% |
| May 2021 | $88,666 | +6.5% |
| April 2021 | $83,266 | +11.1% |
| March 2021 | $74,957 | −0.8% |
| February 2021 | $75,581 | +3.4% |
| January 2021 | $73,099 | −3.3% |
| December 2020 | $75,563 | −0.3% |
| November 2020 | $75,810 | +2.4% |
| October 2020 | $73,998 | +0.1% |
| September 2020 | $73,890 | +11.9% |
| August 2020 | $66,037 | +6.2% |
| July 2020 | $62,205 | −3.9% |
| June 2020 | $64,717 | +4.5% |
| May 2020 | $61,954 | −8.0% |
| April 2020 | $67,331 | +11.4% |
| March 2020 | $60,457 | −15.8% |
| February 2020 | $71,840 | +15.9% |
| January 2020 | $61,973 | +9.7% |
| December 2019 | $56,512 | +2.5% |
| November 2019 | $55,145 | −0.8% |
| October 2019 | $55,588 | +17.4% |
| September 2019 | $47,367 | −0.5% |
| August 2019 | $47,628 | −0.3% |
| July 2019 | $47,767 | +11.8% |
| June 2019 | $42,730 | −2.1% |
| May 2019 | $43,641 | +12.8% |
| April 2019 | $38,702 | −20.1% |
| March 2019 | $48,436 | +8.8% |
| February 2019 | $44,510 | +15.4% |
| January 2019 | $38,584 | +5.7% |
| December 2018 | $36,494 | +3.4% |
| November 2018 | $35,295 | +4.9% |
| October 2018 | $33,632 | +8.6% |
| September 2018 | $30,966 | +2.2% |
| August 2018 | $30,310 | −2.0% |
| July 2018 | $30,916 | −4.0% |
| June 2018 | $32,195 | −0.9% |
| May 2018 | $32,483 | +1.0% |
| April 2018 | $32,173 | −5.8% |
| March 2018 | $34,170 | +0.6% |
| February 2018 | $33,983 | −3.3% |
| January 2018 | $35,154 | +10.2% |
| December 2017 | $31,900 | +0.5% |
| November 2017 | $31,747 | +5.9% |
| October 2017 | $29,992 | +0.8% |
| September 2017 | $29,740 | +7.0% |
| August 2017 | $27,792 | +4.7% |
| July 2017 | $26,546 | +0.9% |
| June 2017 | $26,318 | +5.8% |
| May 2017 | $24,869 | −0.1% |
| April 2017 | $24,905 | −0.1% |
| March 2017 | $24,927 | +2.0% |
| February 2017 | $24,442 | +7.7% |
| January 2017 | $22,700 | −3.3% |
| December 2016 | $23,476 | +16.9% |
| November 2016 | $20,080 | −9.1% |
| October 2016 | $22,097 | −0.3% |
| September 2016 | $22,164 | 0.0% |
| August 2016 | $22,165 | +15.3% |
| July 2016 | $19,222 | +7.2% |
| June 2016 | $17,925 | −4.6% |
| May 2016 | $18,795 | +13.5% |
| April 2016 | $16,566 | +1.5% |
| March 2016 | $16,326 | −1.0% |
| February 2016 | $16,495 | +1.5% |
| January 2016 | $16,247 | −11.1% |
| December 2015 | $18,274 | −15.4% |
| November 2015 | $21,613 | +2.5% |
| October 2015 | $21,091 | +5.2% |
| September 2015 | $20,043 | 0.0% |
| August 2015 | $20,045 | +19.2% |
| July 2015 | $16,813 | −32.4% |
| June 2015 | $24,881 | −1.4% |
| May 2015 | $25,243 | +2.3% |
| April 2015 | $24,683 | +2.3% |
| March 2015 | $24,128 | −5.7% |
| February 2015 | $25,590 | −0.7% |
| January 2015 | $25,780 | +1.4% |
| December 2014 | $25,424 | +1.0% |
| November 2014 | $25,165 | −1.9% |
| October 2014 | $25,659 | −6.9% |
| September 2014 | $27,570 | −0.5% |
| August 2014 | $27,711 | +0.2% |
| July 2014 | $27,649 | +3.7% |
| June 2014 | $26,658 | +1.6% |
| May 2014 | $26,239 | +2.7% |
| April 2014 | $25,542 | +5.1% |
| March 2014 | $24,297 | +2.7% |
| February 2014 | $23,650 | +1.4% |
| January 2014 | $23,316 | +1.4% |
| December 2013 | $23,005 | −2.6% |
| November 2013 | $23,616 | +3.4% |
| October 2013 | $22,830 | −1.7% |
| September 2013 | $23,216 | −2.0% |
| August 2013 | $23,679 | +22.5% |
| July 2013 | $19,336 | −14.3% |
| June 2013 | $22,568 | +3.4% |
| May 2013 | $21,830 | −6.2% |
| April 2013 | $23,261 | −3.2% |
| March 2013 | $24,019 | +1.3% |
| February 2013 | $23,714 | −7.5% |
| January 2013 | $25,624 | +21.9% |
| December 2012 | $21,025 | +5.7% |
| November 2012 | $19,894 | −3.6% |
| October 2012 | $20,627 | +1.8% |
| September 2012 | $20,271 | +9.0% |
| August 2012 | $18,600 | +1.5% |
| July 2012 | $18,329 | −8.1% |
| June 2012 | $19,949 | −2.5% |
| May 2012 | $20,462 | −8.0% |
| April 2012 | $22,231 | −1.7% |
| March 2012 | $22,621 | +5.0% |
| February 2012 | $21,538 | +5.8% |
| January 2012 | $20,364 | +1.2% |
| December 2011 | $20,124 | +42.7% |
| November 2011 | $14,097 | −0.6% |
| October 2011 | $14,186 | −40.8% |
| September 2011 | $23,957 | +0.1% |
| August 2011 | $23,931 | −1.9% |
| July 2011 | $24,403 | −1.6% |
| June 2011 | $24,803 | +9.9% |
| May 2011 | $22,577 | −8.3% |
| April 2011 | $24,630 | −0.1% |
| March 2011 | $24,658 | −1.4% |
| February 2011 | $25,008 | +4.5% |
| January 2011 | $23,934 | +11.1% |
| December 2010 | $21,551 | +9.8% |
| November 2010 | $19,632 | +6.8% |
| October 2010 | $18,377 | +14.5% |
| September 2010 | $16,051 | +7.2% |
| August 2010 | $14,970 | +4.5% |
| July 2010 | $14,327 | −6.0% |
| June 2010 | $15,241 | +34.2% |
| May 2010 | $11,355 | −26.4% |
| April 2010 | $15,426 | +4.1% |
| March 2010 | $14,821 | +13.3% |
| February 2010 | $13,081 | +7.6% |
| January 2010 | $12,159 | - |

## What palladium is used for

Palladium (Pd) earns most of its demand in **autocatalysts** for petrol cars and hybrids, where it converts harmful exhaust gases into less harmful ones. Its other markets include **electronics**, in multilayer ceramic capacitors and plating, **dentistry**, and chemical catalysts for hydrogenation and plastics production. As electric vehicles gain share, its long-term demand depends on how quickly petrol engines fade.

### Other uses

- Hydrogen purification and storage
- Chemical catalysts for plastics and fibres
- Jewellery and investment bars and coins
- Electrical contacts and sensors

## Palladium supply and demand factors

Palladium supply comes mainly from **Russia** and **South Africa**, as a by-product of nickel and platinum mining, which makes the market sensitive to sanctions, power cuts and mine problems. Demand is dominated by catalytic converters for petrol cars, so the rise of electric vehicles is a long-term headwind, partly offset by hybrids and the substitution of platinum.

### What moves the price

- Petrol and hybrid car production
- Russian supply and sanctions risk
- South African mining and power supply
- Substitution between palladium and platinum in catalysts

## Palladium price history

Palladium's price more than tripled between 2016 and 2020 as tightening emissions rules and a run of supply deficits squeezed the market, and it reached record highs in 2022 after the invasion of Ukraine raised fears over Russian supply. Prices then fell steeply as car demand weakened and the shift to electric vehicles became clearer.

As of October 2026, the Stockatomics benchmark price is $41,504 per kg contained.

## Where palladium is produced

**Russia** and **South Africa** produce most of the world's palladium: Russia from the nickel-copper mines of the Norilsk region, South Africa from the platinum mines of the Bushveld Complex. **Canada**, the **United States**, through the Stillwater mines in Montana, and **Zimbabwe** make up most of the rest.

## Why palladium is a critical mineral

Palladium is on the **US critical minerals list**, and the platinum group metals are on the **EU critical raw materials list**. Autocatalysts still depend on it, and supply is concentrated in Russia and South Africa.

## How the palladium benchmark price is calculated

Stockatomics publishes a monthly US benchmark price for palladium in US dollars per kg contained, reading as of October 2026. The price is for contained palladium metal, not for a catalytic converter.

### Converting the price

- Per troy ounce, the unit used for precious metals: divide the price per kg by 32.15

## Palladium stocks

| Company | Ticker | Exchange | Role |
| --- | --- | --- | --- |
| [Impala Platinum](https://www.stockatomics.com/companies/impala-platinum-otc-impuy) | IMPUY | OTC | Producer |
| [Sibanye-Stillwater](https://www.stockatomics.com/companies/sibanye-stillwater-nyse-sbsw) | SBSW | NYSE | Producer |

## FAQ

### What is the price of palladium per kg today?

As of October 2026, the US benchmark price of palladium is $41,504 per kg contained. Stockatomics updates it every month.

### What is palladium used for?

Mainly catalytic converters for petrol cars and hybrids, plus electronics, dentistry, chemical catalysts and investment.

### Who produces palladium?

Russia and South Africa produce most of the world's palladium, with Canada, the United States and Zimbabwe making up most of the rest.

### Will electric vehicles reduce palladium demand?

Over time, yes, as petrol cars are replaced, although hybrids still need catalysts and some palladium could find new uses in hydrogen technology.

### How is the palladium benchmark price calculated?

The Stockatomics benchmark for palladium is a monthly US price in US dollars per kg contained, published every month and current as of October 2026.

## Related commodities

- [Platinum price per kg](https://www.stockatomics.com/commodities/platinum-price-us): $53,892 per kg contained
- [Rhodium price per kg](https://www.stockatomics.com/commodities/rhodium-price-us): $258,682 per kg contained
- [Chromium price per kg](https://www.stockatomics.com/commodities/chromium-price-us): $1.86 per kg contained
- [Iridium price per kg](https://www.stockatomics.com/commodities/iridium-price-us): $158,394 per kg contained
- [Ruthenium price per kg](https://www.stockatomics.com/commodities/ruthenium-price-us): $44,386 per kg contained
- [Lithium price per kg](https://www.stockatomics.com/commodities/lithium-price-us): $89.62 per kg contained

## Sources

- U.S. trade data: the monthly palladium price.
- U.S. Geological Survey (USGS): the US critical minerals list.
- Company filings: the listed companies and their roles.

Last updated 18 October 2026.