Russia’s Nornikel, the world’s largest producer of nickel and palladium, intends to increase global interest in the metal by promoting its use in jewelry and automobiles, according to the Moscow Times. Last year demand for palladium rose to 8.5 million ounces while demand for platinum stayed constant at 7.3 million ounces, the paper reported.
ETFS Physical Palladium Shares
ETF Trends editorial team contributed to this post.