The exchange price of palladium increased by 4% and reached $2530 per ounce. This is reported by Bloomberg with reference to the data of the London Metal Exchange.

At the end of last week, the London Platinum Group Metals Association (LPPM) withdrew the Good Delivery status from Krasnoyarsk Gulidov Non-Ferrous Metals Plant (Krastsvetmtet) and Prioksky Non-Ferrous Metals Plant.

These plants were the only Russian enterprises on LPPM’s Good Delivery list. The association has blocked the purchase of Russian palladium since April 8. Later, a similar decision was made by the U.S. CME Group, which suspended the supply of platinum and palladium from the two Russian plants “until further notice,” Forbes writes.