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.
The US announced a countervailing duty of 109.10% on Russian palladium, on top of a proposed 132.83% anti-dumping duty, after Sibanye-Stillwater and the United Steelworkers alleged dumping had hurt American producers.