Staff Answer
May 11, 2026 - 06:31 AM
Palladium climbed to $1,522.00 per ounce by 9 AM ET today, a 1.53% increase over Friday morning’s $1,499.00. While the long-term outlook remains cautious due to EV adoption, Bank of America notes that potential 800%+ dumping margins on Russian supplies are driving domestic U.S. prices higher. Today's gains are likely a tactical play as investors hedge against further supply chain disruptions in the catalytic converter market.
