MMC Norilsk Nickel, the biggest palladium and refined nickel producer, has started testing a platform for digital metal tokens that may eventually account for a fifth of its sales.
Clients including Trafigura Group, Traxys and Umicore have been involved in the tests, CEO Vladimir Potanin said in an interview near Moscow. Potanin, Russia’s richest man, wants Nornickel to become the first major mining company to offer digital sales of metals to help make trading easier.