After ferroalloy produced in the plasma melting process was dissolved,base metals were separated from the resulting solution via the adsorption using 001×7 cation resin and then palladium was extracted by an organic solvent LIX84-I. The effects of the concentration of hydrochloric acid,chloride ion and LIX84-I on extraction efficiency was investigated. Other affecting factors were also studied including N263 dosage,stirring speed,stirring time,extraction ratio,extraction stages and extraction temperature. 1 and 10 mol/L HCl were used,espectively,for the washing and stripping process. The results showed that the extraction of palladium with LIX84-I was an endothermic reaction. The extraction rate of palladium reached 99.9% under these conditions of low acid medium,5% LiX84-I-2% N263-93% Solvesso 150 as the organic phase,stirring speed at 1000 r/min and stirring time for 5 min as well as O/A ratio at 1∶1 and temperature from 301~305 K. A stripping rate of 95% was realized by 10 mol/L hydrochloric acid following a three-stage reverse extraction.