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New UK tariffs on Russian platinum could put pressure on prices
Platinum and palladium prices notched lower over the last few weeks – these are two of the very few commodities that didn’t sustain the price rises caused by the conflict in Ukraine. Unlike oil, gas, and most of the base metals which are trading at new highs, platinum and palladium prices slipped recently, mainly because until now they have not been put on a sanctions list. But this is about to be disrupted by new UK trade measures against Russia introduced this week. The UK plans on increasing tariffs on platinum and palladium imports from Russia and Belarus in a new series of sanctions targeting £1.7 billion ... (full story)
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- Posted: May 13, 2022 12:14pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 188
