The Conversation (0)
Norilsk Nickel (MCX:GMKN) stated that Russia’s central bank has agreed “in principle” to sell some of its palladium stocks to a fund of investors led by the company, according to Reuters.
Norilsk Nickel (MCX:GMKN) stated that Russia’s central bank has agreed “in principle” to sell some of its palladium stocks to a fund of investors led by the company, according to Reuters.
As quoted in the publication:
Norilsk Nickel, the world’s largest palladium producer, proposed such a deal to the central bank last year as part of its efforts to guarantee stock availability for long-term customers and to increase market transparency.
“We recently found out that the central bank had taken a positive decision,” Vladimir Potanin told reporters.
The central bank declined to comment.