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IBTimes reported Russia’s Norilsk Nickel (LSE:MNOD), the world’s largest palladium producer, is cutting production due to slowing demand.
IBTimes reported Russia’s Norilsk Nickel (LSE:MNOD), the world’s largest palladium producer, is cutting production due to slowing demand.
As quoted in the market news:
The company, the world’s biggest producer of nickel and palladium, also expects to report a net profit of around $5 billion in 2011, broadly flat on the previous year, Vladimir Strzhalkovsky said in an interview with Rossiya 24 TV channel.