Norilsk Nickel buys palladium from Bank of Russia

Norilsk Nickel has acquired the first batch of palladium to its fund for $200 million, the Bloomberg reports, citing sources familiar with the situation. Two interlocutors of the agency reported that Norilsk Nickel acquired about 10 thousand ounces from the Bank of Russia’s reserves. According to one source, the transaction took place in the spring.

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