The government can give the Russian Direct Investment Fund (RDIF) $1 billion from the National Wealth Fund on joint production with Middle East investors of platinum group of metals by Arctic Palladium. The project, to be launched in 2024, is a joint venture between Norilsk Nickel and Russian Platinum of businessman Musa Bazhayev. The beneficiary…
Russian metals giant Norilsk Nickel plans to develop projects to produce palladium to counter an expected deficit of the material, necessary for batteries production, on the market, CEO Vladimir Potanin announced. “Electric car producers are worried about the future lack of palladium. The volume of the metal that we produce and sell is absolutely clear.…
Russian metals giant Norilsk Nickel expects an 800,000-ounce palladium deficit in 2019, as demand will outstrip supply, the company said. The price of palladium has been hitting historic highs recently due to low supply and high demand from auto producers that strive to meet strict environmental norms. This year palladium is becoming a preferable metal…
Almalyk Mining and Processing Works, using new technique, has obtained palladium. Previously the works was obtaining palladium powder. The technique, consisting of 52 steps and lasting for 70 hours, allowed obtaining less than 1 kg of palladium per month. Last year the enterprise started studying obtaining palladium from the electrolyte solution as well as refined…
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…
In January-June Russia produced 12.882 tons of platinum, down by 0.92% YoY, and 45.251 tons of palladium, up by 6.9% YoY. According to the Russian Union of Gold Miners, this year total output of platinum and palladium could reach 25.7-28.1 tons and 85.98-89.16 tons respectively. By-product palladium output increased by 10.7% YoY, to 43.827 tons,…
The global 2017 palladium supply will shrink by 2%, to 6.631 million ounces or 206 tons, and Russian sales will decline by 3%, to 2.684 million ounces or 83 tons, meaning that deficit will widen to 24.4 tons, Johnson Matthey, the world’s largest refiner of platinum and palladium, said in a research note on May…
