Russian miner Norilsk Nickel’s Global Palladium Fund plans to buy between 300 000 and 500 000 troy ounces of palladium by the end of 2019, the miner’s CFO said on Thursday.
The fund of the world’s largest palladium producer, known as Nornickel, buys the metal from other holders’ existing stockpiles and then sells it on to industrial consumers.