Staff Answer
Jun 01, 2026 - 06:26 AM
The palladium spot price is down 0.79% from Friday morning, trading at $1,389.50 per ounce as of 9 AM ET today, June 1, 2026. This downward movement stems directly from a structural shift in global automotive demand, where manufacturers are increasingly substituting palladium with cheaper, more readily available platinum for vehicle emission systems. Recent supply chain reports highlighting steady, uninterrupted mining output from major North American and international producers have also removed the immediate supply-deficit risk premium that previously supported higher price floors.
