Rus News Journal

Russia has inflated the prices for a palladium

On Monday in the world commodity markets the prices for a palladium were sharply rose. That
  Russia has inflated the prices for a palladium
On Monday in the world commodity markets the prices for a palladium were sharply rose. So, palladium cost under future contracts for September on Nju - Jorksky commodity exchange has grown on 5,9 %, or on $45,95, having reached $818,95 for trojskuju ounce. It became the strongest rise in prices since February, 2000 when palladium cost has reached $835 for ounce.
as experts mark, prolonged negotiations between the largest supplier of this metal - Russia which has reduced export of a palladium, and its largest consumer - Japan (on its share it is necessary one third of all demand for a palladium in the world) became the reason of such sharp rise in prices for a palladium in the world markets. The palladium basically is used in motor industry as the catalyst in system on control over harmful exhausts. According to the dealer of the company of Mitsubishi International Robina Alssida, now the parties have occupied waiting attitudes and any does not want to concede. While they will not agree, deliveries of a palladium to the world market will not begin, and the prices for it will grow.