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Nornickel Palladium Fund to Buy up to 500,000 oz in 2019-2020 China(Guangzhou)Int’l Metal & Metallurgy Ex
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8/26/2019  金属展-冶金展-钢铁展-steel expo-metal &metallurgy expo-
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    Reuters reported that Russian miner Norilsk Nickel’s Global Palladium Fund plans to buy between 300,000 and 500,000 troy ounces of palladium by the end of 2019. Nornickel, buys the metal from other holders’ existing stockpiles and then sells it on to industrial consumers. 

Nornickel senior vice-president Sergey Malyshev said in a briefing that “This is a certain cushion of stability and safety for our customers. Due to the growth of our own (platinum group metals) production, we expect that this year’s purchases (by the fund) will be less than last year. Reserves at the end of the year are expected to be at 100,000 ounces.” 金属展-冶金展-2020广州巨浪国际金属暨冶金工业展览会-亚洲最大金属冶金展-巨浪展览-2020 China(Guangzhou)Int’l Metal & Metallurgy Exhibition-metal exhibition -metal exhibition Metal exhibition, Metal expo, 2020 Metal exhibition, 2020 Metal expo, China Metal exhibition, China Metal expo, steel exhibition, steel expo, 2020 steel exhibition, 2020 steel expo, China steel exhibition, China steel expo
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