offtake · non-aligned supply brief

Palladium (Pd)

pgm · criticality 8/10 · substitutability: limited

MOS Rank

#52

score 14.2 · conf 43%

Published 2026-04-17 · Mineral Opportunity Score ranks all 58 tracked minerals by broker profitability.

Why this week

  • —Thin non-aligned supply — sourcing hard
  • —Liquid exchange — low broker spread

Supply concentration

40% of global production is in China + Russia

HHI 3200

China 0% · Russia 40%Non-aligned 60%

Top producers

  • Russia40%
  • South Africa37%
  • Canada8%
  • USA5%
  • Zimbabwe4%

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