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The Russian invasion of Ukraine has not yet resulted in significant supply disruptions of platinum and palladium from Russia’s main producer, Norilsk Nickel.
Russia supplies around 40% of the world’s palladium, 10% of its platinum and 7% of its rhodium (the three main platinum group metals (PGMs), of six in total) from mines in Talnakh, Norilsk and the Kola Peninsula.
The London Platinum and Palladium Market (LPPM) recently suspended delivery of Russian PGMs from the Krasnoyarsk and Prioksky refineries.