René Muschter
Research Expert covering Industry & Mobility
Global palladium industry - statistics & facts
The silvery-while metal palladium is the most prominent platinum group metal (PGM) following platinum, with global palladium mine production estimated at 190 metric tons in 2024. Palladium is a chemical element and one of the PGMs that share similar physical and chemical properties, and which tend to be found in the same mineral deposits. Russia was the leading mine producer of palladium in the world in 2024, with an estimated 75 metric tons produced that year. As a result of increased industrial demand, such as in electronic devices, the global market value of palladium is forecast to reach 26.37 billion U.S. dollars in 2035.
