On April 7, 2022, palladium prices rose to just under 1,000 U.S. dollars per ounce, up by some nine U.S. dollars day-over-day. This comes as Russia declared war in Ukraine, and G7 countries committed to economical sanctions on the country. Behind South Africa and the United Kingdom, Russia was the third largest exporter of platinum worldwide in 2019, with Moscow-based Norilsk Nickel ranking fifth among the leading platinum producing companies worldwide that same year. This market development comes in the midst of the automotive semiconductor shortage, while most platinum is used for autocatalyst.
Daily platinum closing price throughout the war in Ukraine
(in U.S. dollars per ounce)
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Business Insider. (April 8, 2022). Daily platinum closing price throughout the war in Ukraine (in U.S. dollars per ounce) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1293106/daily-global-platinum-prices-and-volume/
Business Insider. "Daily platinum closing price throughout the war in Ukraine (in U.S. dollars per ounce)." Chart. April 8, 2022. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1293106/daily-global-platinum-prices-and-volume/
Business Insider. (2022). Daily platinum closing price throughout the war in Ukraine (in U.S. dollars per ounce). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1293106/daily-global-platinum-prices-and-volume/
Business Insider. "Daily Platinum Closing Price throughout The War in Ukraine (in U.S. Dollars per Ounce)." Statista, Statista Inc., 8 Apr 2022, https://www.statista.com/statistics/1293106/daily-global-platinum-prices-and-volume/
Business Insider, Daily platinum closing price throughout the war in Ukraine (in U.S. dollars per ounce) Statista, https://www.statista.com/statistics/1293106/daily-global-platinum-prices-and-volume/ (last visited December 23, 2024)
Daily platinum closing price throughout the war in Ukraine (in U.S. dollars per ounce) [Graph], Business Insider, April 8, 2022. [Online]. Available: https://www.statista.com/statistics/1293106/daily-global-platinum-prices-and-volume/
