The United States International Trade Commission announced on Friday that Russian unwrought palladium imports do not injure American companies, a significant determination amidst ongoing investigations. This material is crucial in reducing vehicle emissions, contributing to environmental protection efforts.
Despite the scrutiny, the U.S. Department of Commerce has issued a final determination on a countervailing duty of 109.1%, indicating concerns about subsidized pricing. Details supporting this decision will be disclosed in the commission’s upcoming report.
Interestingly, imports of Russian palladium have continued to rise, with a notable increase to 27.6 tons in 2024 as compared to the previous years. While the material is yet to face U.S. sanctions, its growing presence raises questions about its future in international trade.
(With inputs from agencies.)