Critical Materials & Supply Chain▼
Sibanye Stillwater appeals US trade ruling on Russian palladium imports
Sibanye Stillwater is appealing a US International Trade Commission ruling that Russian palladium imports do not threaten domestic production. The company, the sole primary US palladium producer, argues the ITC failed to properly consider evidence that Russian shipments constitute illegal dumping and subsidies, depressing prices. Sibanye filed a summons with the US Court of International Trade on July 16, after the ITC determined in May that the US industry was not materially injured or threatened. The miner has already restructured its US operations, suspending some Montana production and focusing on higher-grade ore, as palladium prices have fallen 22% year-to-date to about $1,285 per ounce.