Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russia May Reduce Palladium Export in 10 Times
17.10.2011 10:28
Russia May Reduce Palladium Export in 10 Times

Russia will have to reduce palladium supplies abroad in 10 times for the next two years. Then the export of the metal could stop at all, said Ministry of Finance to the news agency Interfax.

      
As the source reports, there are ‘very little’ liquid palladium in the country. In 2012-2013 Russia may export only 4-4,5 tons of palladium annually. Before that time, Russia has exported about 50 tons a year.

      
Last year Norilskiy Nikel, one of the main world palladium producer, claimed about possible deficit. This spring the Deputy General Director Viktor Spogis confirmed the information.

      
Palladium is one of the rarest metals in the world. It is used in jewellery, medicine, industries. The annual volume of palladium production in the world is about 200 tons. For comparison, gold production is about 2.5 thousand tons a year.

      
In February this year, the metal cost raised up to $ 855 for ounce. For the last six months price has been falling. On October 13 at New York Mercantile Exchange one ounce of palladium was traded for $ 594.  

      

www.lenta.ru


Author: Irina Fomina

Tags: Russian business export    

Next Previous


You might also find interesting:

Net Capital Outflow From Russia Has Gone Up
17.04.2017
Sberbank Enters eHealth Market
27.05.2017
The Average Price Of Cars Released In 2006-2015 Reached 699 Thousand Roubles In Russia
28.09.2016
Finance Ministry Will Purchase Less Currency In May
14.05.2017
Sberbank Cut Interest Rates On the Entire Consumer Loan Line
10.10.2016



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Navalny  Infill Building  Russian Stage Directors  Russian army  Svetloyar  Concerts in Moscow  the Bolshoi Theatre  Nuclear Research  Russian history  Arkhangelsk Region  Russian economy  Naftogaz  Parliament in Action  Russian business  Jean-Maurice Ripert  Alexey Rybnikov  Russian Orthodox Church  Maria Galina  Ryazan  Russian Literature  Resources  Chastushka  Moscow City Guides  Moscow  Shakira  Moscow parks  Irkutsk Region  Russian tourism  physics  Vasily Kamensky  Uralkaliy  Russian people  Smolensk  Russian language  Mercedes-Benz Fashion Week Russia  Archeology  Saint-Petersburg   Yugra  meteorite   Russian businessmen  Exhibitions in Moscow  Russian Cinema  Painting  Battle for Sevastopol  Russian churches  Big Four  Wedding weekend tour  McFaul  Velikiy Ustug  Saint Petersburg Museums 


Travel Blogs
Top Traveling Sites