Support The Moscow Times!

Stillwater: Palladium to Rise

NEW YORK — Palladium will rise to its highest price in a decade amid increased demand from carmakers and depleted Russian stockpiles, U.S. producer Stillwater Mining said.

“We have a perfect storm going on with the palladium price right now,” Stillwater CEO Francis McAllister said in an interview. The price could go to $700 or $800 next year, from about $475 per ounce on Friday.

Stillwater is 51 percent owned by Norilsk Nickel, the world’s biggest palladium producer, but it is mulling a sale of the stake. Stillwater has not achieved its objective of growth under Norilsk’s control, McAllister said.


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.