PRECIOUS METALS | U.S. Commerce Department Backs Anti-Dumping Duties on Russian Palladium Imports

The U.S. Commerce Department has announced preliminary support for a petition by miners to impose anti-dumping duties on Russian palladium imports. Bloomberg posted on X that the proposed duties could reach nearly 133%. This move comes amid ongoing concerns about market competition and pricing in the precious metals sector. The decision reflects the department's stance on protecting domestic industries from unfair pricing practices by foreign entities. The imposition of such duties is intended to level the playing field for U.S. miners and ensure fair market conditions. The final decision on the duties will be made after further investigation and analysis.