Polish individual investors have discovered a new investment target.
In recent months, Mennica Skarbowa has recorded increased interest among Poles in investments in palladium – a precious metal of strategic importance to the global economy. Over the past few days, its price has broken through the historic level of USD 1,500 per ounce. Although just a few years ago it was little known to a broad group of investors, today it is becoming an increasingly popular component of investment portfolios. This results from the growing use of palladium in industry, limited supply, and instability in commodity markets. Over the past six months alone, it has been possible to earn nearly 60% on palladium, and in just three months its price has increased by more than 20% – more than the best bank deposits offer. Forecasts indicate that with limited supply and growing demand, palladium may in the coming years rank among the fastest-growing precious metals. Some analysts predict that next year the price of palladium may exceed another historic level of USD 1,600 per ounce.
The growing interest in palladium in Poland is part of a broader trend of investing in industrial metals. Investors are seeking assets that are resistant to inflation and market fluctuations. Palladium, like platinum, represents an attractive alternative to gold and silver.
– We are observing a clear increase in inquiries and purchases of palladium products, especially investment bars and bullion coins. In times of economic uncertainty, Poles are looking for alternative assets that have real industrial applications and limited supply. Palladium meets these criteria, particularly at a time when gold prices have surged so sharply. Investors are increasingly recognizing the value of palladium, which is widely used in industry while remaining limited in terms of mining output. This trend is reflected in the recent rise in its price, which has surpassed the historic level of USD 1,500 per ounce. Investors have discovered a new investment target. And palladium prices will continue to rise – some analysts predict they will quickly surpass USD 1,600 per ounce. These are justified forecasts – comments Adam Stroniawski, Managing Director at Mennica Skarbowa.
Mining and use of palladium
Palladium is a rare metal belonging to the platinum group metals. It is mined mainly as a by-product of nickel and platinum ore extraction. The production process is complex and costly, which contributes to limited supply. Global annual palladium production is estimated at approximately 210-220 tons, with the largest volumes coming from Russia (around 40%), South Africa (around 35%), as well as Canada, the United States and Zimbabwe.
This metal has a wide range of industrial applications, primarily in the production of automotive catalytic converters (over 70% of global demand), which reduce exhaust emissions. It is also used in electronics (contacts, connectors, sensors), jewellery, medicine (implants, surgical instruments), and modern energy technologies such as fuel cells.
Global demand and supply
The largest consumers of palladium are China, the USA, Japan and the European Union countries. In recent years, the dynamic development of the automotive sector and restrictive emission standards have increased the demand for this metal. In Poland, there is also a growing interest in palladium as a form of investment and portfolio diversification.
– The supply of palladium is concentrated in just a few countries, with most of the raw material coming from Russia and South Africa. This means that any disruptions – from geopolitical tensions to logistical problems – have an immediate impact on prices. This makes palladium not only a strategic raw material, but also a metal with high growth potential – adds Adam Stroniawski.
Investment market and Mennica Skarbowa products
Mennica Skarbowa offers palladium investment bars weighing from 1 g to 100 g and bullion coins, such as the Canadian Palladium Maple Leaf and Ballerina. These are often limited editions, which further increases their collector’s value.
Prices and forecasts
Over the past year, palladium prices have experienced significant volatility. In October 2024, an ounce traded at around USD 1,100, while in March 2025 prices fell to approximately USD 950, before rebounding sharply – by November 2025, palladium had exceeded USD 1,600 per ounce. Over the past six months alone, the metal has gained around 60%.
Experts predict that over the next 12 months, palladium prices may continue to rise due to a recovery in the automotive industry, increased demand from the electronics sector, and potential supply constraints from Russia. Forecasts suggest a possible increase to around USD 1,900-2,000 per ounce in 2026.
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Mennica Skarbowa – Poland’s largest dealer of investment gold and other precious metals, listed on NewConnect, the alternative market of the Warsaw Stock Exchange. The company’s main business area is the sale of investment gold (bars and bullion coins), as well as other precious metals and diamonds and collectibles. The company’s products can be purchased in 16 branches: in Bialystok, Bydgoszcz, Czestochowa, Gdansk, Kalisz, Katowice, Kielce, Cracow, Lublin, Lodz, Poznan, Rzeszow, Szczecin, Warsaw, Wroclaw and Zielona Gora and through the website: mennicaskarbowa.pl.
