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Stillwater Plans Future Without Ford Contract, Norilsk Investment
Feb. 23, 2011 09:30AM PST
Precious Metals InvestingMineweb reported that Stillwater’s (NYSE:SWC) CEO reported 2010 as a great year for the company, even though its contract with Ford expired.
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.