Global palladium market balance 2022-2024
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.
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