The most attractive metal came under suspicion

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www.vsyako.netPhoto: Ilya Naymushin / RIA Novosti

In the palladium market, which last year were in the list of the best investment and has become the most attractive metal in it, may form a “bubble”. This suspicion in an interview with Bloomberg stated Director of marketing Department of Norilsk Nickel Anton Berlin.

The company is the largest producer of palladium with a market share of over 40 percent and intends by its actions to reduce price hikes in rare metal. To do this, “Norilsk Nickel” will increase sales of palladium bullion for investors, and not in the form of powders, which are used in the manufacture. It is noted that Berlin can reduce the influence of speculators. According to him, currently, the needs of the industry in palladium is less than you would expect looking at the growth rates.

Ingots of palladium, the company will sell to normal customers, so they can use them in financial transactions, for example, to provide loans. According to Berlin, this year “Nornikel” wants to bring to market three tons of bullion from your Fund Global Palladium Fund, and produce about 85 tons. Also, a company spokesman noted that he sees no signs of the substitution of palladium for some other, cheaper metals.

The most profitable investment of 2019 became bitcoin palladium took second place. The addition of 300 thousand rubles in Unallocated metal accounts in palladium it would be possible to 65.7 thousand rubles profitability, calculated in the company FinExpertiza.

Palladium is mainly used in the engineering industry to create automotive catalysts. It is also used for hydrogen purification and production equipment, electronics, medical instruments.

Video, photo All from Russia.

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