---
title: "Palladium Market Outlook – October 2026"
site: "Monex Precious Metals"
domain: "https://www.monex.com/"
type: "Post"
last_updated: "October 14, 2026"
canonical_url: "https://www.monex.com/palladium-market-outlook-october-2026/"
markdown_url: "https://www.monex.com/palladium-market-outlook-october-2026.md"
---

# Palladium Market Outlook – October 2026

“Palladium prices underperformed the rest of the preciousmetals sector during September. While the supply-side fundamentals of the metal remain supportive of prices, the fabrication demand fundamentals have been softening.

The auto sector alone accounts for a little more than two-thirds of total palladium fabrication demand. Palladium demand from this sector has been facing various headwinds for some time now. The partial substitution of palladium with platinum in gasoline autocatalysts, coupled with the ongoing increase in the market share of battery electric vehicles (BEVs), which do not use PGMs in their propulsion systems, have been challenges that the palladium market has been dealing with for a few years at this point.”

The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, [www.cpmgroup.com](https://cpmgroup.com/store/)