Side-by-side comparison
Platinum vs Palladium
Platinum and palladium are both PGMs used in autocatalysts but for different engine types. Palladium dominates gasoline engines; platinum dominates diesel and hydrogen fuel cells. The Pt/Pd ratio re-inverted above 1 in 2024-2025 as palladium fell on EV transition concerns.
Platinum vs Palladium
Platinum vs Palladium chart
Chart by TradingView
Frequently asked questions
About Platinum vs Palladium
Why is palladium more expensive than platinum historically?
Palladium surpassed platinum around 2017 as gasoline autocatalyst demand surged. The ratio has since inverted back with platinum regaining its premium as EV adoption reduces palladium demand expectations.
Can platinum substitute for palladium in catalysts?
Yes, but it requires redesigning the catalytic converter. Automotive OEMs have been gradually increasing platinum use in gasoline catalysts since around 2018.