Norilsk Nickel will buy palladium by via the investment fund
Edited by Rhod Mackenzie / 2014-10-21 11:19:21
Norilsk Nickel analyzes possible participation in the investment fund for buying off of palladium from the market participants, and is ready to finance not more than 10% of total purchases, the First Vice CEO of the company P. Fyodorov says.
They told before about the plans of the company to buy palladium in Central Bank for a total sum of $2 billion. Mr. Fyodorov says that palladium is a metal that can be pledged for raising of the loan funds in the market.
The total volume of the transaction will depend on the terms and the volumes Norilsk Nickel can consolidate.
