Palladium
Projects
Major Palladium Projects Worldwide
The development pipeline for Palladium projects spans exploration through production across multiple jurisdictions. These projects that will shape the future supply landscape for this platinum group metal.
Current Production
210
tonnes
Top Producer
Russia
40% share
Projects Tracked
0
Reserves
~70,000 tonnes (PGM resources)
Government Support and Strategic Initiatives
Recognizing the strategic importance of Palladium, governments in major consuming nations have launched programs to support project development. These include direct financing, loan guarantees, streamlined permitting, and bilateral resource partnerships. As a USGS-listed critical mineral, Palladium projects are eligible for various U.S. government support mechanisms including the Defense Production Act Title III program. EU Critical Raw Materials Act provisions enable fast-track permitting and financing support for Palladium projects within the EU and partner nations.
Key Industry Developments
Recent developments affecting the Palladium project landscape:
Palladium prices surged from $800/oz to $3,400/oz (all-time high in March 2022) driven by persistent deficit, gasoline vehicle emission regulations, and Russian supply uncertainty
Russia-Ukraine conflict raised fears of Russian palladium sanctions; prices spiked then retreated as sanctions were not applied to PGM exports
Palladium prices crashed from $1,800 to below $1,000/oz as gasoline vehicle demand peaked, Chinese EV adoption reduced autocatalyst demand, and Russian supply continued flowing
ICE vehicle peak and accelerating EV transition created structural demand decline narrative for palladium; multiple South African PGM mines announced cutbacks or closures
More on Palladium
Explore other aspects of the Palladium value chain.
Uses & Applications
Explore uses & applications for Palladium.
Supply Chain
Explore supply chain for Palladium.
Mining & Processing
Explore mining & processing for Palladium.
Refining & Grade Specs
Explore refining & grade specs for Palladium.
Recycling
Explore recycling for Palladium.
Substitutes
Explore substitutes for Palladium.
Return to the Palladium hub page or browse the full Mineral Library.