As Russia’s war in Ukraine continues, investors are starting to wonder what global trade without Russia will look like. In particular, investors are wondering what will happen in commodities markets where Russia is often a crucial player. Palladium and platinum are two common queries. Russia is the most important producer of platinum and palladium. Moscow mining giant Nornickel is the world’s biggest producer of both elements. Last year, Russia produced 40% of global palladium, and 10% of global platinum. (South Africa is the largest producer of platinum, with Russia coming second). Palladium Mine Production Worldwide by Country | 2010 - 2020 ...
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