Stillwater Plans Future Without Ford Contract, Norilsk Investment

Mineweb reported that Stillwater’s (NYSE:SWC) CEO reported 2010 as a great year for the company, even though its contract with Ford expired.

The editorial is quoted as saying:

Ford annually bought 80% of Stillwater’s mined palladium and 70% of its mined platinum. As a result of the expiration of the contract with Ford, Stillwater no longer has contractual floor prices, but is now exposed to spot market trading.

To read the full editorial, click here.