Commerce Investigates Russian Subsidies on Palladium Imports
Published Date: 8/22/2025
Notice
Summary
The U.S. is starting an investigation into whether Russia is unfairly helping its palladium producers by giving them special benefits. This could lead to extra taxes on Russian palladium imports, helping American workers and companies like Sibanye-Stillwater. The investigation kicked off on August 19, 2025, and could impact prices and trade soon.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
U.S. Opens CVD Probe on Russian Palladium
The Department of Commerce initiated a countervailing duty (CVD) investigation into unwrought palladium from the Russian Federation effective August 19, 2025. The petition was filed on July 30, 2025, Commerce will make a preliminary CVD determination no later than 65 days after initiation, and the U.S. International Trade Commission will make a preliminary injury determination within 45 days after the petition filing.
Domestic Producer & Union Filed Petition
The petition was filed on behalf of Stillwater Mining Company d/b/a Sibanye-Stillwater and the United Steelworkers union on July 30, 2025, and Commerce found the petition had sufficient domestic industry support to initiate the CVD investigation. The petition alleges 34 subsidy programs and relies on production data for 2024 as the period of investigation.
Which Palladium Shipments Are Covered
The investigation covers unwrought palladium in primary forms (ingots, powder, sponge, etc.), including material processed in a third country, and identifies HTSUS subheading 7110.21.0000 and potentially 7110.29.0000 as customs classifications. If your imports fall under these descriptions or HTSUS codes, they are within the scope of the investigation.
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