Palladium slides to an 11-month low as yields climb and EVs bite
Palladium fell about 5% to $1,311.50 an ounce on 10 September 2026, its lowest level in nearly a year, as rising US bond yields and EV substitution weighed on the metal.
Palladium fell about 5% to $1,311.50 an ounce on 10 September 2026, its lowest level in nearly a year, as rising US bond yields and EV substitution weighed on the metal.
South Africa's mineral resources department has granted Southern Palladium a 30-year mining right for the Bengwenyama PGM project, next to the Modikwa mine, clearing the way for early works.
South African PGM producers' realised basket price rose 85% year-on-year to $2,801 an ounce in the first half of 2026, as platinum, palladium and rhodium rallied together.
Sibanye-Stillwater has filed an appeal against the US International Trade Commission's May finding that imports of Russian unwrought palladium did not materially injure the domestic industry.
BMI cut its platinum and palladium price forecasts in mid-2026, citing shrinking global car sales and a recovering South African PGM supply chain.
Southern Palladium said metallurgical test work had more than doubled expected chrome recoveries at its Bengwenyama PGM project to 65%, though incorporating the improvement delayed its feasibility study to the fourth quarter.
JSE: IMPPGMsImplatsOne of the world's largest PGM producers, incorporated in 1966 and headquartered in Illovo, Johannesburg. Implats mines on the two richest PGM ore bodies, South Africa's Bushveld Complex and Zimbabwe's Great Dyke, and also runs Impala Refining Services, which toll-treats metal for other producers.
TSX: IVNCopperIvanhoe MinesCanadian mining company founded by Robert Friedland that has built its business around three flagship discoveries in southern Africa. It is listed on the Toronto Stock Exchange and is a member of the S&P/TSX Composite Index.LSE: JLPMining servicesJubilee Metals GroupLondon-listed metals recovery specialist founded in 2001 that treats surface tailings and third-party ore rather than operating conventional mines. It trades on London's AIM market and South Africa's A2X.
JSE: NPHPGMsNortham PlatinumA JSE-listed PGM producer founded in 1977 that has grown into a mid-tier miner with its own smelter and base metals removal plant. In August 2026 it disclosed an unsolicited, non-binding approach from another South African PGM producer and opened a competitive process for corporate or asset-level offers.