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, high, low, and year-end close, 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

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.