16
October
Russia Is Unlikely to Sell Palladium Stocks in 2009
16 October 2009 Bloomberg.com
Russia, accounting for half the world’s palladium supply, appears unlikely to sell any of its stockpiles of the metal this year, OAO GMK Norilsk Nickel said.
No stockpile sales appear to have been made so far, said Anton Berlin, head of Norilsk’s department for analysis and market developments, citing the “indirect evidence” of customs data. Even if the government chose to make sales now, the metal would be unlikely to reach the market until next year, he said in a phone interview from London yesterday.
http://www.bloomberg.com/apps/news?pid=20601012&sid=abJyj7vl9Ils
