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.
The Japanese earthquake and tsunami did substantial damage to the Japanese auto industry. Some speculated that the global platinum supply would rise eightfold due to the impact of the quake. Platinum is an essential component in making catalytic converters for the auto industry. The futures for both platinum and palladium both plunged but have since recovered significantly.
