Russia’s Gokhran to export palladium in ’12 -agency
By Alfred Kueppers
Russia’s Gokhran state repository has sufficient palladium stocks to continue exports in 2012, and it also plans to melt down some reserves to improve their quality, a Finance Ministry official told Interfax.
“In 2012 there will still be (exports),” the source said on Monday. “There are enough reserves for 2012. Beyond that, we’ll see.”
Norilsk Nickel (GMKN.MM), the world’s leading palladium producer, said earlier this month it believed Russia’s state stocks were depleted and that it would not be able to supply the market after 2011. [ID:nLDE74I1GJ]