Sibanye-Stillwater and the United SteelWorkers Union Union, the USA appealed to the US government with a request to consider the introduction of Russian Palladium imports to ensure the uninterrupted operation of the Stillwater in Montana.
according to the head Sibanye-Stillwater Neil Frontemann, Russian Palladium has been sold below market prices from 2022 due to various factors. “Obtaining benefits by dumping and subsidized Russian imports will be provided by Sibanye-Stillwater, its employees and the entire American platinoid industry,” he said.
according to Heraeus, the Russian import of Palladium grew by 42% of the g/g in January-May 2025 years, exceeding 500 thousand ounces. In total, the Norilleke in the first half of this year released 1.4 million ounces of Palladium.
“Although the introduction of duties on Russian metal will not necessarily affect the balance of the Palladium market, it can lead to the redirecting of the global flows of physical metal, which will lead to the volatility of prices,” the heraeus review.
