Palladium Price in 2001

In 2001, the price of palladium averaged $608 per troy ounce, down 12.1% from the year before. This page covers the 2001 average, the events that moved the market, and what that palladium would be worth in today's dollars.

2001 Average

$608

Annual average, USD/oz

Change vs 2000

-12.1%

from $692 in 2000

Palladium Price Chart, 1991 to 2011

Annual average palladium price per troy ounce, 1991 to 2011, with 2001 marked.

What happened to the palladium price in 2001

Palladium averaged $608 per troy ounce in 2001, down 12.1% from $692 the year before. The notable development of 2001: Record $1,094/oz AM London fix on 26 Jan 2001, then collapse as Russian supply resumes.

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 2001 average of $608 equals about $1,106 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.

Frequently Asked Questions

What was the price of palladium in 2001?

Palladium averaged $608 per troy ounce in 2001, based on LBMA and USGS annual average data. That average was down 12.1% from $692 in 2000.

What is a 2001 palladium price worth in today's dollars?

Adjusted with the US Consumer Price Index, palladium's 2001 average of $608 works out to roughly $1,106 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

What moved the palladium price in 2001?

The defining story of 2001: Record $1,094/oz AM London fix on 26 Jan 2001, then collapse as Russian supply resumes. Against that backdrop, the annual average fell 12.1%, from $692 in 2000 to $608.

Annual averages are USGS/Engelhard producer prices (1970 to 1988) and LBMA palladium prices (1989 to 2025) per troy ounce in US dollars. Where daily data exists, the per-year high, low, and close come from MetalCharts historical data. Inflation adjustments use BLS CPI-U annual averages.