Pd

Palladium

Companies

Key Companies in the Palladium Value Chain

The Palladium industry encompasses at least 6 major companies from junior explorers and mine developers to integrated producers and downstream processors. With annual production of 210 tonnes and prices around 1,678-1,718 $/oz (53,900-55,200 $/kg), the Palladium market supports a diverse corporate ecosystem.

Annual Production

210

tonnes

Market Price

1,678-1,718

$/oz (53,900-55,200 $/kg)

Top Producer

Russia

40% share

Companies Tracked

6

Major Producers and Processors

The following companies are key participants in the Palladium supply chain:

Nornickel

Producer GMKN.ME
Russia

Worlds largest palladium producer from Norilsk-Talnakh sulfide deposits in Arctic Siberia; produces ~40% of global supply

Anglo American Platinum

Producer AMS.JO
South Africa

Largest South African PGM producer; palladium is a significant co-product alongside platinum from Bushveld operations

Impala Platinum

Producer IMP.JO
South Africa

Major PGM producer; palladium output from South African and Zimbabwean operations

Sibanye-Stillwater

Producer SSW.JO
South Africa/USA

Operates the Stillwater mine in Montana, USA (only US PGM mine) and major South African PGM operations; significant palladium producer

BASF Catalysts

Major consumer BAS.DE
Germany

Worlds largest autocatalyst manufacturer; consumes large volumes of palladium for gasoline vehicle emission control catalysts

Johnson Matthey

Consumer/Recycler JMAT.L
UK

Major autocatalyst producer and PGM recycler; processes spent catalytic converters to recover palladium

Corporate Strategy Trends

Major consumers of Palladium across the gasoline catalytic converters and electronics and capacitors sectors are increasingly focused on securing long-term supply agreements, investing in supply chain traceability, and supporting new production sources to reduce exposure to the 40% concentration in Russia.

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