from Gold Core:
Any sanctions imposed by the EU and the U.S. on the export of Russian palladium group metals would create a serious supply shortage that may be difficult for industries to replace. This year will show the third consecutive deficit year in global palladium supply, according to a Bloomberg Industries survey of analysts.
Russia provided 44% of global palladium supply and 13.6% of platinum last year, according to Johnson Matthey.
A pick up in China’s demand for platinum group metals may offset any sanctions imposed on Russia by the U.S. and European Union countries. An increase of 26% sequentially in platinum imports by China in November suggests that domestic supplies are depleting. Russia has typically provided about 30% of China’s palladium imports and China may need to increase imports from the country as labor disputes in South African mines continue to affect production ther
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