By the end of 2017 Norilsk Nickel plans to have increased its specialized palladium fund to 600 thousand ounces (18.7 tons).
Global Palladium Fund was created in 2016 to develop the demand for metal and decrease market volatility and price risks.
Earlier Nornickel reported that in H1 it purchased over 5 tons of palladium (some 170 thousand ounces) and planned to double it by the end of the year.
In 2016 purchases totaled 5 tons. (Ukrainian metal)