The current price of palladium is $922.59 per ounce, up 0.72% from the previous day and down 16.09% since the beginning of the year. Factors influencing the price include changes in demand, geopolitical events, and the shift to electric vehicles. Historically, palladium has traded between $500 and $1,000 per ounce, reaching a peak of $3,440 in March 2022. The metal is primarily used in catalytic converters for automobiles.
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