Bullish
UBS raises palladium price forecasts for late 2026 and early 2027 amid supply constraints.
UBS has increased its palladium price forecasts for late 2026 and early 2027, citing a tighter physical market driven by resilient automotive demand and contracting global mine supply. The bank raised its price projections for December 2026 and March 2027 by $200 per ounce each, while increasing its June 2027 forecast by $100 per ounce. This revision reflects a market that is proving tighter than previously projected.
Key points
- UBS raises palladium price forecasts for late 2026 and early 2027 amid supply constraints.
- UBS maintains cautious long-term outlook for palladium due to expected impact of vehicle electrification on demand.
- UBS notes that global palladium consumption declined only modestly in 2025 and is expected to remain broadly stable in 2026.
- UBS observes that the transition away from internal combustion engines has progressed more slowly than previously expected, helping sustain demand for palladium in automotive catalytic converters.
Sources
AI-generated from public news sources. Not financial advice.
