Norlisk Nickel Cutting Palladium Production

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.

Click here to read the full IBTimes report.