Commodity Origins

Platinum vs Palladium

Platinum's biggest producer is South Africa (71%, 2025); Palladium's is Russia (44%, 2025). The latest benchmark prices on file (September 2026) are $1,784/troy oz for platinum and $1,348/troy oz for palladium. Their monthly price moves have strongly tracked each other over the 415 months compared (r = 0.61).

Platinum compared with Palladium
PlatinumPalladium
CategoryMetalsMetals
Top producerSouth Africa (71%, 2025)Russia (44%, 2025)
World production170 tonnes191 tonnes
Top exporterSouth Africa (36%, 2024)Russia (22%, 2024)
Latest price$1,784/troy oz (September 2026)$1,348/troy oz (August 2026)
12-month change+24%+19%

Price since January 1992, rebased to 100

Each price divided by its own January 1992 value and multiplied by 100, so the two can share one chart regardless of unit. Starts at January 1992 because that is the later of the two series' first published month.

Platinum vs Palladium monthly prices, index, Jan 1992 to Aug 2026Line chart of platinum vs palladium monthly prices in index from Jan 1992 to Aug 2026: Platinum from 100 to 523.2, peaking at 713.8; Palladium from 100 to 1,626, peaking at 3,464.01,0002,0003,0004,0001995200020052010201520202025index
PlatinumPalladium

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Production: FAOSTAT, USGS Mineral Commodity Summaries or the Energy Institute Statistical Review, whichever each commodity page cites. Trade: CEPII BACI, primary HS line. Prices: World Bank Pink Sheet, monthly averages, not investment advice.