The global palladium market will remain in structural deficit this year, Russia’s Norilsk Nickel (Nornickel) said on Tuesday as it reported an 81% leap in first-half net profit.
Nornickel, the world’s largest palladium producer, said that first-half net profit jumped to $3-billion as London palladium prices rose by 40%. Palladium prices hit a three-week high in London on Tuesday.