Russian palladium stocks seen ‘at or near exhaustion’ – Stillwater

Mining Weekly reports that Billings, Montana-based Stillwater Mining (NYSE:SWC) believes it’s likely that Russia’s infamous stockpile of palladium metal is either almost or entirely gone.

The editorial is quoted as saying,

Any inventories that still remain would probably not have much of an impact on the market if they were sold, especially given the strong industrial demand for the metal, CEO Francis McAllister said at the company’s annual shareholders meeting.

For the complete editorial, click here.