Story perspectives

US Sets 109% Countervailing, 133% Anti-Dump Duties on Russian Palladium

5/22/2026

Summary

Story summary

The U.S. Department of Commerce set a 109.1% countervailing duty and a 132.83% anti-dumping duty on Russian palladium.
The duties apply only if the International Trade Commission finds U.S. industry harm.
The action follows a petition by Sibanye-Stillwater and the United Steelworkers urging U.S. palladium protection.
Nornickel, supplying about 40% of global palladium, declined comment as U.S. imports hit 27.6 tons in 2024 and prices fell 16% to $1,370 per ounce.

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Story summary

The U.S. Department of Commerce set a 109.1% countervailing duty and a 132.83% anti-dumping duty on Russian palladium.
The duties apply only if the International Trade Commission finds U.S. industry harm.
The action follows a petition by Sibanye-Stillwater and the United Steelworkers urging U.S. palladium protection.
Nornickel, supplying about 40% of global palladium, declined comment as U.S. imports hit 27.6 tons in 2024 and prices fell 16% to $1,370 per ounce.