5 Worst Performing Commodities in 2023

2. Palladium

Returns During H1 2023: -35.41%

While Palladium is not officially classified as a rare Earth metal, it is nevertheless quite rare since the global palladium supply sits at a mere 7 million ounces. The metal is a close cousin of platinum, and it is part of a group of six metals called the platinum group metals. Like platinum, palladium is also heavily used in catalytic converters, and its electrochemical properties also make it suitable for heavy duty industrial use cases such as spark plugs for aircraft.