Norilsk Nickel Will Not Stock Palladium from 2011-2015

May. 25, 2010 05:22PM PST

Russia’s Norilsk Nickel (GMKN.MM), world’s largest palladium producer has confirmed that it will not be focusing on palladium production from 2011 to 2015.
Deputy CEO Viktor Sprogis is quoted saying:
“The company and other main market players conclude on the basis of indirect indicators that the state palladium stocks will not be a decisive factor on this […]

Russia’s Norilsk Nickel (GMKN.MM), world’s largest palladium producer has confirmed that it will not be focusing on palladium production from 2011 to 2015.

Deputy CEO Viktor Sprogis is quoted saying:

“The company and other main market players conclude on the basis of indirect indicators that the state palladium stocks will not be a decisive factor on this market.”