What is the Palladium/Platinum ratio?
The palladium-to-platinum ratio tracks the relative value between these platinum group metals. Palladium became more valuable than platinum around 2017.
The palladium to platinum ratio is the price of palladium divided by the price of platinum.
Palladium/Platinum Ratio
Compare the relative value of assets over time
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XPD
Palladium
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XPT
Platinum
Current Ratio
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Period Change
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Compare the ratio of
Numerator
Denominator
Period High
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Period Low
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Period Average
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Period Range
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(High − Low)
Palladium/Platinum Ratio
Historical ratio over selected time period
About the Palladium to Platinum Ratio
Why is this ratio important?
A ratio above 1.0 indicates palladium is more expensive than platinum, reflecting strong gasoline vehicle demand or platinum substitution opportunities.
Frequently Asked Questions
When did palladium overtake platinum?
Palladium overtook platinum around 2017 due to surging demand from gasoline-vehicle catalytic converters combined with chronic supply deficits. The palladium-platinum ratio crossed 1.0 and has spent significant time above it since.
Why are automakers substituting between the two?
When palladium trades at a large premium to platinum, automakers have an incentive to engineer catalytic converters that use platinum where possible. This substitution is technically demanding but provides a long-run cap on the palladium-platinum ratio.
