Where to Find Palladium as Prices Begin Their Comeback
Palladium has been through a rollercoaster ride in recent years—peaking near $3,000/oz in 2022, then dropping below $1,000/oz in 2024, and now showing signs of recovery. With this momentum, it’s worth reviewing the four main sources of palladium recyclers and investors should keep an eye on:

Auto Catalysts

The single biggest source, found in most combustion engine vehicles.
Recycling catalytic converters remains the dominant way palladium re-enters the supply chain.

Dental Alloys

Older crowns and bridges often contain 25–78% palladium.
While modern dentistry has shifted to ceramics, legacy scrap is still an important source.

MLCCs (Multi-Layer Ceramic Capacitors)

Common in electronic scrap and as production rejects.
Palladium was widely used in older capacitors (especially pre-2000s) before being partially replaced by nickel.

Palladium-on-Carbon Catalysts
Widely used in pharmaceutical and chemical production.
These catalysts are replaced regularly, making them a recurring stream for recyclers.
📊 Fun fact: In 2024, recycled palladium accounted for nearly 30% of global supply, a share that is likely to grow as more scrap streams become economical to process.

👉 With prices climbing again, these four sources can offer valuable opportunities for recyclers and traders alike.