Palladium Price Forecast: Will Battery Innovation Drive the Next Move Higher?
Palladium maintains a constructive outlook as EV-driven demand risks are balanced by emerging battery innovations, with the next move likely dependent on a breakout from key technical levels and confirmation of new demand drivers.
Palladium (XPD) continues to have a positive structure despite the global auto market turning towards electric vehicles. Simultaneously, technological advances in new battery technology are starting to transform the long-term demand outlook for the metal. I believe that this dynamic environment sets the stage for the shift away from demand risk and towards potential demand growth in the next several years. This article presents the macro drivers, technical structure and key levels that will dictate the next move in palladium.