https://sputnikglobe.com/20241206/us-boosts-platinum-imports-from-russia-to-maximum-in-2-years-1121105084.html
US Amps Up Platinum Imports From Russia to 2-Year High
US Amps Up Platinum Imports From Russia to 2-Year High
Sputnik International
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.
2024-12-06T08:25+0000
2024-12-06T08:25+0000
2024-12-06T09:21+0000
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This mid-autumn surge in Russian platinum exports marked a 2.3-fold increase from September and a 2.1-fold rise from the previous year. The $203 million in exports represents the largest total since October 2022, when shipments amounted to $253 million. In October, Russian companies accounted for 31.5% of US platinum imports, marking the highest share since April 2020. As a result, Russia was the second-largest supplier of platinum to the United States, second only to South Africa ($270 million). The top five exporters also included Germany ($51.5 million), Italy ($25.2) and Belgium ($22.3). Meanwhile, the value of Russian platinum shipments in the 10 months of the current year fell by a fifth, to $862 million.
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russia-us economy ties, platinum us, russian imports, russian economy under sanctions
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US Amps Up Platinum Imports From Russia to 2-Year High
08:25 GMT 06.12.2024 (Updated: 09:21 GMT 06.12.2024) MOSCOW (Sputnik) - Russia ramped up its platinum exports to the United States in October, reaching a two-year high of $203 million—almost one-third of all US platinum imports, according to Sputnik's analysis of data from the US statistical service.
This mid-autumn surge in Russian platinum exports marked a 2.3-fold increase from September and a 2.1-fold rise from the previous year. The $203 million in
exports represents the largest total since October 2022, when shipments amounted to $253 million.
In October, Russian companies accounted for 31.5% of US platinum imports, marking the highest share since April 2020.
As a result, Russia was the
second-largest supplier of platinum to the United States, second only to South Africa ($270 million). The top five exporters also included Germany ($51.5 million), Italy ($25.2) and Belgium ($22.3).
Meanwhile, the value of Russian platinum shipments in the 10 months of the current year fell by a fifth, to $862 million.
