Palladium Market News Directory

Russia Buying More Palladium?

According to Investing.com. Interfax has said that Russia will begin buying more palladium in 2015. The country has also been stockpiling gold as of late, and state agency Gokhran appears to be planning to hoard the metal, although Russia's Norilsk Nickel (MCX:GMKN) has said it wants to buy palladium from Gokhran.

MF Global Reaches Settlement in Platinum, Palladium Manipulation Lawsuit

Reuters reported that MF Global Holdings will settle a class action lawsuit which accused the firm of manipulating platinum and palladium prices. The suit accuses MF Global, former MF Global trader Joseph Welsh of inflating platinum and palladium futures prices on the New York Mercantile Exchange from May 2006 to June 2008.

Will Central Banks Buy and Sell PGM’s to Control Prices?

Mineweb's Kip Keen commented on a recent announcement that Sergei Donskoi, Russia's Minister of Natural Resources, suggested that South Africa and Russia buy platinum and palladium through their central banks to exert some control over metals prices. The author ran a "what if?" scenario past Harry First, a law professor at the New York University School of Law with a special interest in international anti-competition issues.