Norilsk Nickel , palladium | 02 March 2016 г. | 12:15

Norilsk Nickel сreates palladium fund

Norilsk Nickel сreates palladium fund
Norilsk Nickel announced its decision to establish Global Palladium Fund and set its financing commitment at up to $200 million for potential transactions.

Global Palladium Fund is a new initiative aimed at the strategic palladium market. The strategic objective of the Fund is to create a financial platform for cooperation with major holders of existing palladium stockpile, promotion of the industrial demand for the metal, reduction of overall volatility of the palladium market, and strengthening of the company's position in the global palladium industry.

Source: Metal Supply and Sale Magazine
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