Norlisk Nickel Cutting Palladium Production

Precious Metals

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.

Click here to read the full IBTimes report.

The Conversation (0)
×