Japanese dentists are now paying far more for palladium, a rare earth metal that is an essential ingredient for making dental crowns, due to economic sanctions imposed against Russia due to its Ukraine invasion.
Russia accounts for about 40 percent of the global palladium production.
The price of the alloy containing palladium has skyrocketed over fears of supply chain disruptions as a result of the sanctions.
In mid-December, the purchase price of palladium per 30 grams was 77,770 yen ($653), including tax. As of March 9, the price of palladium per 30 grams had surged to 125,400 yen.
According to Toshiaki Tanaka, a director of the prefectural association of doctors and dentists in Kanagawa, the dentists are not being reimbursed for their additional costs under the national medical insurance system.
Dentists prefer an alloy of gold, silver, and palladium in fashioning a dental crown due to the alloy’s strength and durability when patients want treatment covered by national health insurance.
Dental crowns that do not contain palladium are not as strong and tend to discolor over time.
Medical institutions do not get reimbursed in medical fees due to a rise in materials when they give treatment covered by the national health program because the fees are fixed.
The current material fee for the alloy using palladium is 88,530 yen per 30 grams even after the purchase price increased by 30,000 yen.
Tanaka expressed concern that the increased cost may prompt some people to put off going to a dentist, even though they are in desperate need of treatment, and called on the government to take emergency steps to resolve the problem. He suggested that a provision like a government subsidy to rein in gasoline prices be made available for palladium.


China Manufacturing PMI Hits 12-Month High Amid Energy Price Concerns
SMIC Allegedly Supplies Chipmaking Tools to Iran's Military, U.S. Officials Warn
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal
Bessent: Global Oil Market Well Supplied as U.S. Eyes Hormuz Navigation Control
SoftwareONE Posts 22.5% Revenue Surge in 2025 on Crayon Acquisition
Asian Currencies Hold Steady Amid U.S.-Israel-Iran Tensions and BOJ Signals
Gold Prices Rebound in Asia Amid Iran War Ceasefire Hopes
Gold Prices Rebound But Head for Worst Month Since 2008 Amid Iran War Uncertainty
Canada's Economy Grows Modestly in January 2025, Driven by Energy and Construction
Japan Business Sentiment Rises as Iran War Fuels Inflation Fears, BOJ Rate Hike Looms
TSMC Japan's Second Fab to Produce 3nm Chips by 2028
Europe's Aviation Sector on Track to Meet 2025 Green Fuel Mandate
Moderna Stock Drops After FDA Declines Review of mRNA Flu Vaccine
KPMG UK Cuts 440 Audit Jobs Amid Low Attrition and Cooling Professional Services Demand
U.S. Stock Futures Surge After WSJ Report on Trump's Iran War Exit Strategy
U.S. Dollar Posts Strong Monthly Gain Amid Middle East Conflict Despite Late Dip
South Korea Manufacturing PMI Hits 4-Year High in March 2025 Driven by Semiconductor Demand 



