U.S. Department of Commerce Finds Unwrought Palladium from Russia Sold Below Fair Value
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The U.S. Department of Commerce has announced a final decision regarding the sale of unwrought palladium from Russia. They have determined that this metal is being sold in the United States for less than its fair value.
This investigation, conducted by the International Trade Administration, covered sales of unwrought palladium during the first half of 2025, from January 1 to June 30.
The initial findings, shared on February 19, 2026, indicated that palladium from Russia was sold for less than it should be. No one challenged this preliminary decision. As a result, the final decision did not change from the initial one.
The investigation focused on unwrought palladium, which is a form of palladium that includes items like ingots, blocks, lumps, and pellets. All these forms are covered, regardless of how they were produced.
The U.S. Department of Commerce did not receive any comments about what products should be included in this investigation. This means the scope of their study remained unchanged.
No Russian companies took part in the investigation. This led the Department to assume that all Russian producers of palladium were part of a group known as the “Russia-wide entity.” The Department applied a rule called “adverse facts available” to this group because they did not cooperate.
As a result, the Russian producers of palladium face a dumping margin of 132.83 percent. This means that the palladium is considered to be sold for 132.83 percent less than its fair value.
The Department of Commerce will keep requiring U.S. Customs and Border Protection to hold any imports of Russian palladium that arrive starting February 19, 2026. Importers must deposit an amount equal to the dumping margin before the goods are released.
The U.S. Department of Commerce is also waiting to see if the International Trade Commission (ITC) will decide if these sales have harmed the U.S. market. This decision will come within 45 days. If the ITC agrees there is harm, steps will be taken to apply duties on these imports permanently. If not, the investigation and any measures will end.
It is important for any parties involved to follow protective orders related to this investigation. These orders protect sensitive business information. Failure to do so can result in penalties.
The announcement and the measures outlined reflect the Department’s commitment to fair trade practices. The case emphasizes the importance of regulations in maintaining market balance and protecting domestic industries.
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