5 October 2014

Cessation of supplies of palladium from Russia can paralyze the entire global automotive industry

Russia still has a strong leverage on the global economy.

Supplies of palladium from Russia account for more than 53% of the world's supply. 

In the case of Russian response to the sanctions, including the suspension of the supply of palladium on world markets could possibly paralyze and even completely collapse the world car market.

We wish to remind that the palladium is used in the automotive industry as a catalyst for the exhaust gases.