Global palladium market balance 2022-2024

Published by
M. Garside,
Feb 27, 2024
The global market balance of palladium in 2023 amounted to a deficit of about 900,000 ounces. In 2024, the global palladium is expected to register a deficit as well – but considerably lower – at some 400,000 ounces. That same year, the global market balance of platinum is also forecast to register a deficit. Palladium – together with platinum, rhodium, ruthenium, iridium and osmium – form the the platinum group metals or PGMs.

Market balance of palladium worldwide in 2022 and 2023, with a forecast for 2024 (in million ounces)

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Release date

February 2024

Region

Worldwide

Survey time period

2022 and 2023

Supplementary notes

* Forecast

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Palladium mining industry worldwideMiningMining industry in South AfricaTop mining companiesPrecious metal mining in the United States
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