Palladium futures price edged higher to $1,052 per ounce amid firm demand in the auto catalyst industry and tightening spot imports in Europe. The palladium market’s volatility is further amplified by its heavy reliance on mine production concentrated in just a few countries. Russia led in 2024 with 75 metric tonnes, followed by South Africa with 72 metric tonnes. Canada and Zimbabwe each produced 15 metric tonnes, while the United States contributed only 8. Gold, silver, platinum, and palladium prices move into 2025 with different technical dynamics. Gold and silver are in multi-year bullish trends, while platinum and palladium’s path of least resistance remains bearish. Palladium is in a significant downtrend, while platinum prices are consolidating near the lows. However, the platinum group metals have many industrial applications and offer significant value compared to gold and silver at the current price levels. Palladium futures price edged up to $1,052 per ounce in early trading today, supported by renewed buying from automotive sector manufacturers amid tighter emission standards. Traders are eyeing next week’s U.S. jobs data for potential impact on metal demand outlook.