Prices
Updated: June 9, 2026| Exchange / Source | Price | Unit | Date |
|---|---|---|---|
| LBMA | $1,254.00 | USD/oz | June 9, 2026 |
Indicative reference snapshot. Official prices at lme.com (LBMA fix) · cmegroup.com.
About Palladium
Editorial overviewWhat is palladium?
Palladium (Pd, atomic number 46) is a soft, lustrous silvery-white precious metal in the platinum group. It is produced almost entirely as a byproduct of nickel mining in Russia and as part of platinum-group-metal (PGM) ore in South Africa.
How palladium is priced
Palladium trades on multiple officially regulated exchanges. Each publishes its own daily settlement, fixing or auction reference price for its specific contract — there is no single “world price”. The complete list of active regulated venues for palladium:
- London Bullion Market Association — LBMA Gold/Silver Prices (UK) — LBMA Palladium Price AM/PM (auction reference) (PALL), USD/oz, Cash [ref: LBMA Palladium Price — administered by ICE Benchmark Administration]
- NYMEX (CME Group) (USA) — Palladium Futures (PA), USD/oz, Physical
- Osaka Exchange (TOCOM division) (Japan) — Palladium Futures (Standard), JPY/g, Physical
Principle: One True Source for All. Every officially regulated exchange with an active contract is listed, regardless of geography or sanctions. Cash-settled contracts list both the listing exchange (where the contract clears) and the underlying benchmark index used for final settlement. Fastmarkets, S&P Global Platts and Argus are regulated benchmark administrators under UK/EU BMR, not exchanges. Source: TSM exchanges registry (maintained from public regulatory and exchange filings).
Where palladium comes from
Per the USGS MCS 2026 platinum-group metals chapter, world palladium mine production in 2025 (estimated) was led by Russia at 84,000 kg, South Africa at 70,000 kg, Canada at 16,000 kg, the United States at 6,200 kg, and Zimbabwe at 15,200 kg (2024 figure). Russia is the world's largest producer of mined palladium. Full breakdown in the production and reserves sections.
Who produces palladium
Major palladium producers are Norilsk Nickel (Russia), Anglo American Platinum, Impala Platinum, and Sibanye-Stillwater (South Africa + Stillwater mine in Montana, US), and Zimplats / Mimosa (Zimbabwe). Full list of producers below.
What palladium is used for
Per Johnson Matthey's PGM Market Report 2025/2026, palladium demand is dominated by autocatalysts (about 85% of total demand) — primarily for gasoline-engine emissions control — with the remainder split across electronics (palladium plating, capacitors), dental alloys, chemical-process catalysts, and bar/ETF investment. Industrial palladium use stabilised at just under 1.5 million oz in 2024.
Key facts about palladium supply
- USGS MCS 2026: combined PGM reserves were more than 76,000,000 kg, with South Africa holding 63,000,000 kg (more than 80% of world reserves).
- USGS MCS 2026: Russia produced 84,000 kg of palladium in 2025e, more than 40% of world mine output of about 200,000 kg.
- USGS MCS 2026: world PGM resources are estimated at more than 100,000,000 kg, with the largest concentrations in the Bushveld Complex of South Africa.
- Johnson Matthey PGM Market Report 2026: palladium has been in persistent deficit from 2012 to 2025 but is expected to move into a small surplus in 2026 as ETF outflows and autocatalyst thrifting reduce demand by 9%.
- Johnson Matthey PGM Market Report 2026: 2026 Russian palladium mine production is forecast to fall to the lowest level in at least two decades; automotive recycling is expected to recover strongly, partly offsetting the primary supply decline.
Sources: USGS MCS 2026 Platinum-Group Metals, Johnson Matthey PGM Market Report 2026, Johnson Matthey PGM Market Report 2025 PDF
Mine Production by Country
Source: USGS MCS 2026| Country | 2024 | 2025e | Reserves |
|---|---|---|---|
| United States | 10,200 | e6,200 | 590,000 |
| Canada | 17,000 | e16,000 | 310,000 |
| Russia | e89,000 | e84,000 | e11,000,000 |
| South Africa | 82,600 | e70,000 | 63,000,000 |
| Zimbabwe | 15,200 | e15,000 | 1,300,000 |
| Other countries | 2,870 | e2,900 | NA |
| World total (rounded) | 217,000 | 190,000 | >76,000,000 |
Unit: kilograms. "e" = estimated, "W" = withheld, "NA" = not available. Source: USGS Mineral Commodity Summaries 2026
Production figures are for palladium specifically. Reserves figures are USGS combined-PGM reserves (Pt+Pd+Rh+Ru+Ir+Os, PGM content) — USGS does not publish reserves split by individual PGM. Source: USGS MCS 2026 Platinum-Group Metals.
Reserves by Country (Top 10)
Source: USGS MCS 2026| Country | Reserves (kilograms, PGM content (combined — USGS does not split PGM reserves by element)) |
|---|---|
| South Africa | 63,000,000 |
| Russia | e11,000,000 |
| Zimbabwe | 1,300,000 |
| United States | 590,000 |
| Canada | 310,000 |
| Other countries | NA |
| World Total | >76,000,000 |
Major Producers (11)
Ranked by latest disclosed total PGM production (4E or 6E basis)Companies ranked by most recently disclosed annual platinum-group metals production (thousand troy ounces). Each card links to the primary source (annual report, production report, or exchange filing). "Not disclosed" means the company does not publish metal-specific tonnage — common for private Chinese/state-owned groups and pre-production projects.
South Africa
IMP
3,550
koz PGM
FY2025
South Africa
AMS
3,412
koz PGM
FY2025
Zimbabwe
Private (50/50 Implats
254
koz PGM
FY2025
Canada / Norway
GLEN
116
koz PGM
FY2025
South Africa
ARI
Undisclosed Output
Not disclosed
FY2025
Key mines: Modikwa (41.5% ARM), Two Rivers (54% ARM), Bokoni (100% ARM); ~616 koz 6E (100% basis FY25), attributable undisclosed in primary reports.
Russia
GMKN
Undisclosed Output
Not disclosed
FY2024
Primary operations at Talnakh and Norilsk sites on Taimyr Peninsula; reports Pd 2762 koz and Pt 667 koz separately, no combined 4E/6E PGM total found in primary sources.
Canada
VALE
Undisclosed Output
Not disclosed
FY2024
Sudbury mines, mill, smelter, refinery; PGMs produced as nickel by-products (Pt 107 koz, Pd 120 koz company-wide FY2024), no Sudbury-specific 4E/6E reported.
Latest News
All metals news →No recent news for this metal. Visit the Hub news section for all metals news.
Frequently Asked Questions
Auto-generated from primary-source dataWhat is the current price of palladium?
As of June 9, 2026, Palladium traded at $1,254.00 USD/oz on LBMA. Prices update multiple times per business day on TSM Hub from exchange and benchmark feeds.
Which countries produce the most palladium?
The largest palladium producing countries are Russia (e89,000 kilograms), South Africa (82,600 kilograms), Canada (17,000 kilograms). Source: USGS Mineral Commodity Summaries 2026.
Which countries hold the largest palladium reserves?
The countries with the largest reported palladium reserves are South Africa (63,000,000 kilograms, PGM content (combined — USGS does not split PGM reserves by element)), Russia (e11,000,000 kilograms, PGM content (combined — USGS does not split PGM reserves by element)), Zimbabwe (1,300,000 kilograms, PGM content (combined — USGS does not split PGM reserves by element)). Source: USGS Mineral Commodity Summaries 2026.
Who are the largest global producers of palladium?
Among 780+ producers tracked on TSM Hub, the largest disclosed palladium producers include Impala Platinum (Implats) (South Africa), Anglo American Platinum (South Africa), Sibanye-Stillwater (South Africa). Some operating palladium producers do not publish metal-specific tonnage — such as African Rainbow Minerals (ARM Platinum) (South Africa), Nornickel (Russia), Vale Base Metals (Sudbury Operations) (Canada) — and are listed with an “Undisclosed Output” badge instead of a rank, in line with our principle of never inventing numbers absent from primary sources. Full ranking with primary-source links is available in the producers section.
Where can I find official palladium price data?
Official palladium prices are published by LBMA. TSM Hub aggregates these feeds under licensed market-data redistributor agreements and updates them twice daily.
What is the primary source for palladium production and reserves data?
Country-level palladium production and reserves figures on TSM Hub are sourced directly from the USGS Mineral Commodity Summaries 2026, the U.S. Geological Survey's authoritative annual reference. Company-level production figures come from each producer's official annual report, production report, or regulated exchange filing.