|
“Norilsk Nickel” Company intends to come back into palladium spot market after two-years interval
Metal supplies can start in the nearest future. "Norilsk Nickel" Company is the largest palladium manufacturer in the world; however, experts are quite certain that its return to the spot market will not cause prices of palladium decrease.
In 2001 "Norilsk Nickel" had to stop palladium sales in the spot market due to the sharp decrease of this metal world prices. Another reason for “Norilsk Nickel” to end metal supplies to the spot market was the intention to make direct contracts for the palladium principal part deliveries. The company does not plan to launch big quantity of palladium on the market.
Experts predict that in 2003 "Norilsk Nickel" will sell about 2,9 mln ounces of palladium (1,7 mln ounces in 2002).
Source:
Vedomosty
|