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<p>[QUOTE="derkerlegand, post: 8175275, member: 73606"]"...He noted the reason for this could be "related to supply concerns amid the Russia-Ukraine conflict, as US President Biden expects Russia to invade Ukraine. In response, the West would presumably impose sanctions on Russia. We believe that Russia could retaliate by limiting or even suspending exports of commodities such as palladium."</p><p><br /></p><p>According to data from Johnson Matthey, Russia is the world’s second-largest palladium producer-only just behind South Africa – and accounts for 38% of supply. An export ban on this commodity, which is so vital for the automotive industry, could probably not be absorbed, meaning that the palladium market would then be severely undersupplied...."</p><p><a href="https://www.kitco.com/news/2022-01-20/Commerzbank-make-some-sense-of-the-moves-in-Platinum-and-Palladium.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.kitco.com/news/2022-01-20/Commerzbank-make-some-sense-of-the-moves-in-Platinum-and-Palladium.html" rel="nofollow">https://www.kitco.com/news/2022-01-20/Commerzbank-make-some-sense-of-the-moves-in-Platinum-and-Palladium.html</a>[/QUOTE]</p><p><br /></p>
[QUOTE="derkerlegand, post: 8175275, member: 73606"]"...He noted the reason for this could be "related to supply concerns amid the Russia-Ukraine conflict, as US President Biden expects Russia to invade Ukraine. In response, the West would presumably impose sanctions on Russia. We believe that Russia could retaliate by limiting or even suspending exports of commodities such as palladium." According to data from Johnson Matthey, Russia is the world’s second-largest palladium producer-only just behind South Africa – and accounts for 38% of supply. An export ban on this commodity, which is so vital for the automotive industry, could probably not be absorbed, meaning that the palladium market would then be severely undersupplied...." [URL]https://www.kitco.com/news/2022-01-20/Commerzbank-make-some-sense-of-the-moves-in-Platinum-and-Palladium.html[/URL][/QUOTE]
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