In 2016 Norilsk Nickel bought some 5 tons of palladium from Global Palladium Fund.
The authorized capital of the fund received $100 million, which allowed making trial transactions.
The fund is toying with palladium transactions. Last year it successfully bought palladium and then resold it to the major customers of Norilsk Nickel.
This year the fund intends to buy palladium on the last year’s level.
Global Palladium Fund was created by Nornickel in 2016. (Ukrainian metal)