Nornickel to restart furnace at key smelter in early August
Nornickel will re-launch one of the two furnaces at its flagship Nadezhda Smelter in early August.
Palladium has given traders and investors quite a ride over the past year — mostly on the long side. The launch of the ETFS Physical Palladium Shares (PALL) put a bid on the white metal’s already-tight supplies last year.
Palladium prices have risen 53 percent in the last 12 months, but that counts a month-long slump that dragged prices down to the $730 level from an $862 peak. The sell-off in PALL shares started at $85 and recently ended at $72.
