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US Platinum Imports From Russia Surge to Two-Year High

The share of Russian companies in US platinum imports in October amounted to 31.5% - the highest since April 2020.

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A breathtaking aerial view of the Kondyor Massif in Russia's Khabarovsk Region, showcasing its nearly perfect circular shape. This unique natural formation is neither a volcanic caldera nor a meteorite crater, making it a geological marvel.

Russia increased supplies of platinum to the United States in October to their maximum level in two years – $203 million, which is almost a third of all imports, Sputnik’s analysis of the data of the US statistical service showed on Friday.

Thus, in mid-autumn Russian platinum exports increased 2.3 times compared to September and 2.1 times for the year – up to $203 million. This is the largest volume of deliveries since October 2022, when they amounted to $253 million.

The share of Russian companies in US platinum imports in October amounted to 31.5% – the highest since April 2020.

As a result, Russia was the second largest supplier of platinum to the US, second only to South Africa ($270 million). The top five exporters also included Germany ($51.5 million), Italy ($25.2) and Belgium ($22.3).

Sputnik News

Sputnik News is a Russian news agency that reports on a diverse array of topics, including world news, politics, economics, and culture. It publishes content in multiple languages, including English, and is recognized for presenting a Russian perspective on global affairs. Sri Lanka Guardian serves as an official content syndication partner of Sputnik News.

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