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Italy’s Russian Palladium Imports Hit €50.1 Million
Italy imported €50.1 million in Russian palladium in May, 2.5 times more than a year earlier. Five-month imports reached €230.5 million.
Image: ITzine
Italy imported €50.1 million worth of Russian palladium in May, according to data from Eurostat. That is 2.5 times more than in the same month a year earlier.
The shipments included both unprocessed palladium and palladium powder. Across the first five months of 2026, imports reached €230.5 million, nearly double the figure for the same period in 2025.
Italy’s palladium suppliers
Other suppliers recorded much smaller sales to Italy in May:
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- South Korea: €3.3 million in palladium and other platinum-group metals
- United Kingdom: €1.6 million
- South Africa: €814,000
- Switzerland: €434,000
- China: €83,000
- Egypt: €20,000
Palladium is used by the automotive industry and electronics manufacturers, while demand from automakers also has a strong effect on its price.
Russia’s palladium reserves
Russia remains the world’s largest holder of palladium resources, accounting for 46% of global resources. The country’s reserves of all platinum-group metals are estimated at roughly 16,000 tonnes, with palladium making up about 70% of that total.
The main deposits are located on the Kola Peninsula, in Krasnoyarsk Krai, and in Chelyabinsk Oblast. If Italy’s current purchasing volumes continue, its imports of Russian metal will finish the year well above the 2025 level.
Enterprise Editor
Marcus follows the money. He covers enterprise software, cloud architecture, and the tectonic shifts in Big Tech strategy. He translates dense earnings calls and complex M&A activity into actionable insights about where the industry is actually heading. If a tech giant makes a silent pivot, Marcus is usually the first to notice.
via ITzine
