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Russia’s Palladium Stockpile to be Gone in Two Years
Dec. 01, 2011 02:51PM PST
Precious Metals InvestingIBTimes reported Russia’s MMC Norilsk Nickel (LSE:MNOD) will sharply cut sales from its stockpile in the next two years.
IBTimes reported Russia’s MMC Norilsk Nickel (LSE:MNOD) will sharply cut sales from its stockpile in the next two years.
As quoted in the market news:
The stockpile has supplied about 15 percent of global demand for palladium, which is used in vehicle catalytic converters, for the last 40 years.