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PGM · byproduct
Bottom line
Palladium sits on 2 federal critical-minerals lists; mine supply is concentrated (HHI 0.34, 2025), led by 🇷🇺 Russia at 44% of output. The US is 57% net import-reliant (2025). Prices rose 11% over the past year (-18%/yr over 4y).
At a glance
Price · 2025
1,100dollars per troy ounce
USGS MCS (Palladium)
Price trend
+11% 1Y
-18%/yr · 4Y CAGR
US net import reliance · 2025
57%
Mine production HHI
0.34
Concentrated · 2025
From ore to use
lifecycle flow
-
Reported at PGM group level
194,100kilograms
Russia top · 2025
74,000kilograms
net importer · 2025
-
255,888.3kilograms
World · 2025
Coverage
Provenance
Methodology
The eight-stage lens, the observed-vs-estimated membrane, stage-honest supply, per-stage concentration, ownership resolution and the demand lens - the full method is illustrated live on copper, nickel and lithium.
midstream_components_seed
ni43101_deposits
ownership_control_seed
usgs_critmin_deposits_v2
usgs_deposit_gt
usgs_mine_waste
usgs_mrds_2016
usmin_critical_deposits
14 sources · titles open the source card · url opens the publisher