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Palladium Outlook

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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.

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Palladium Outlook – Q2 2026

Palladium continues to trade as a more cyclical metal, with weaker long term demand visibility leaving it sentiment led. 

 

Metals

As we move into Q2 2026, metals markets are moving away from conflict‑led shocks and toward a more fragmented, metal‑by‑metal setup. With much of the geopolitical premium already absorbed, price action has become more selective and range‑bound, exposing thin liquidity and elevating the importance of local supply conditions. Copper still anchors sentiment across the complex, but price behaviour is increasingly differentiated as markets separate genuinely tight metals from those facing surplus constraints and precious metals capped by rates and dollar dynamics.
Quarterly Metals Report

Quarterly Metals Report Archive

Palladium Outlook – Q2 2020
Palladium Outlook – Q1 2020

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