Palladium Outlook & Market Analysis - Sucden Financial > Metals Outlook > Market Insights

Expert palladium market insights

Our quarterly palladium outlook is published in our Quarterly Metals Report, which covers base, precious and ferrous metals. The impact of supply and demand fundamentals and macroeconomic implications for palladium is analysed. Our research team produce palladium price range forecasts as part of the report.

Latest

Palladium Outlook – Q3 2026

Palladium’s recovery looks more tactical, with short-covering and supply-risk headlines offset by weaker auto demand and improving recycling.

Metals

The first half of 2026 was dominated by geopolitical risk, inflation concerns and shifting monetary policy expectations. As we move into H2, many of those themes remain relevant, but the market focus has become more nuanced. Investors are no longer reacting to events themselves, but to the way they influence energy prices, inflation, and ultimately policy expectations. The result is an increasingly uneven backdrop across commodity markets. Across base metals, this has produced a more selective environment in which individual supply-demand dynamics, positioning and sector-specific demand trends are playing a larger role in price formation than broad macro sentiment alone.

Q3 2026