Norilsk Says Platinum Group Metals Demand Will Increase

Bloomberg reported OAO GMK Norilsk Nickel (OTC PINK:NILSY) says platinum group metal demand will increase by up to 5% over the next year.

As quoted in the market news:

The company expects platinum group metals prices will rise next year and doesn’t see “fundamental reasons” for copper and nickel prices to fall, Anton Berlin, head of Norilsk’s analysis and market research department, said today in a telephone interview from Moscow. He declined to give specific forecasts. Norilsk’s production will be little changed next year, he said.

Click here to read the full Bloomberg report.