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Norilsk Nickel Buys Palladium to Lower Market Volatility

Norilsk Nickel (MCX:GMKN) has begun purchasing palladium on the market in a move the company says is designed to reduce volatility.

As quoted in the news article:
Sergei Dubovitsky, vice-president at the Russian mining group, said that Norilsk had begun “pilot” purchases of palladium through the Global Palladium Fund, which it created this

Norilsk Nickel Receives Sberbank Loan

Norilsk Nickel (MCX:GMKN) has announced that upon completing all preceding loan granting conditions, GRK Bystrinskoye LLC received the first tranche as part of the credit line for the implementation project of Bystrinsky GOK construction project.

Sergey Malyshev, senior vice president, said:
The Company, as we stated before, has now fully secured the Bystrinsky GOK Project

Palladium Outlook 2015: Demand to Rise

With Russian stockpiles in the equation, it can be hard to know what’s next for palladium. However, analysts see overall demand for palladium rising as the metal heads into its fourth year of structural deficit.

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