Palladium Price in 2000

Palladium averaged $692 per troy ounce in 2000, surging 90.6% from the $363 average of 1999. Annual moves of that size are rare and put 2000 among the most explosive years in the metal's modern history. The defining story of 2000: Russian-supply crisis; price rockets from ~$440 toward a record ~$985 by year-end.

The 2000s began with an extraordinary supply-crisis spike, as fears over Russian exports drove palladium to a record $1,094 fix in January 2001. The bubble then burst, and automakers thrifting and substituting away from palladium sent prices to multi-year lows before a mid-decade recovery.

Adjusted for inflation, palladium's 2000 average of $692 equals about $1,295 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.