Diversified miner, Sibanye-Stillwater has welcomed the announcement of a preliminary affirmative determination by the United States Department of Commerce (Commerce) regarding the antidumping duty investigation into imports of unwrought palladium from Russia.
The preliminary determination references antidumping duty rates of 132.83% on imports of unwrought palladium from Russia, which is effective upon the decision’s publication in the Federal Register, which could occur as early as next week. This tariff is subject to final determinations by the International Trade Commission (ITC) and Commerce, which are expected to be completed in June 2026. The duties are expected to act as a deterrent to Russian palladium imports entering the US market.
This development follows the antidumping and countervailing duty petitions filed by Sibanye‑Stillwater, together with the United Steelworkers Union, in July 2025, to address Russian palladium imports to the US and to protect the long‑term sustainability of domestic platinum group metals (PGM) supply in the United States (refer to the Media release). Between 2022 and 2024, US imports of Russian palladium increased by 35%, while palladium prices fell by 50%. Since filing the petitions, Russian palladium imports into the United States appear to have declined substantially, and palladium prices have increased materially.
The antidumping investigation continues alongside a countervailing duty investigation by Commerce and a concurrent injury determination by the ITC. A final outcome will be subject to further determinations by these authorities.
“We are encouraged by the Commerce Department’s affirmative preliminary determination and would like to thank all stakeholders who have been working tirelessly to advance this process. Russia’s palladium dumping has resulted in a material competitive disadvantage to the local United States PGM producers and employees, and enforcement of US trade laws enables our US PGM operations to compete on a more level playing field against other, less regulated regions,” said Richard Stewart, CEO of Sibanye-Stillwater.