'US Asks G-7 to Consider Sanctions on Russian Palladium, Titanium' - Bloomberg
Portfolio Pulse from Benzinga Newsdesk
The US has requested the G-7 to consider imposing sanctions on Russian palladium and titanium, aiming to pressure President Putin's regime. This move could impact global markets, particularly those related to these metals.
October 23, 2024 | 8:43 pm
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NEGATIVE IMPACT
The US's request for G-7 sanctions on Russian palladium could affect the palladium market, potentially impacting the PALL ETF, which tracks the price of palladium.
If sanctions are imposed, the supply of Russian palladium could be restricted, potentially increasing prices and affecting the PALL ETF, which is directly linked to palladium prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Sanctions on Russian titanium could impact the SLX ETF, which includes companies involved in steel production, as titanium is a key component in some steel alloys.
Titanium is used in steel production, and sanctions could disrupt supply chains, affecting companies within the SLX ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
The VGK ETF, which tracks European stocks, could be impacted by potential G-7 sanctions on Russian metals, affecting European industries reliant on these imports.
European industries that rely on Russian palladium and titanium could face supply challenges, impacting the VGK ETF.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50