City Of London
Metals Traders ‘Self Sanction’ Key Russian Palladium, Disrupting Markets
- London forwards trade at a $30 premium to New York futures
- Russian ingots can still trade but have become less desirable
A "Made in Russia" palladium ingot.
Source: Bloomberg
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A reluctance by precious-metals traders to handle Russian-produced palladium is creating an unusual and persistent dislocation between the world’s two main markets.