Norilsk Says Palladium Better Investment Than Gold
Bloomberg reported OAO GMK Norilsk Nickel (LSE:MNOD) said palladium and platinum are a better investment than gold for 2012.
Bloomberg reported OAO GMK Norilsk Nickel (LSE:MNOD) said palladium and platinum are a better investment than gold for 2012.
Reuters reported Norilsk Nickel is expecting an increase in palladium from all its mine in 2012.
IBTimes reported Russia's Norilsk Nickel (LSE:MNOD), the world's largest palladium producer, is cutting production due to slowing demand.
Reuters Africa reported Russia's Norilsk Nickel (LSE:MNOD) has approved a $3 billion investment plan to increase and development production.
Over the course of the year palladium appears to have lost its star power, but its time to shine may not be over.
Reuters Africa reported Russia's Norilsk Nickel (LSE:MNOD,MCX:GMKN) said output of nickel and palladium production declined this year.
Fox Business reported OAO Norilsk Nickel (MCX:GMKN) said Monday that it won't issue convertible bonds if the current market turmoil persists.
Trading house Trafigura has little future as a shareholder in Russian group Norilsk (MCX:GMKN) but may become a partner in international projects.
Bloomberg reports Norilsk Nickel (LON:MNOD) said metals prices will climb higher this year as debt woes in the U.S. and Europe stoke investor demand for physical assets.
Last year, palladium prices exceeded expectations, but the metal, has also lost some shine with some investors. However, if predictions are correct and the downfall is temporary, palladium may still be full of opportunity.
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