There is a crisis in the world palladium market:
on November 25th this metal costs US $ 261 per troz that is the lowest
price for the last four years.
Russia is the chief palladium supplier on the international
market. MMC ”Norilsk Nickel” produces 40 % of the world
palladium production.
According to the forecast of experts, world palladium
consumption this year will not exceed 4.8 million troz that is 28
% lower than last year figures. Moreover, Russian will reduce its
palladium export by 60 % as compared to 2001.
In 2003 the palladium price was forecast to trade
between US $ 250 and US $ 330 per troz. Palladium was fixed on November
26th p.m. in London at US $ 265 per troz.
