(Bloomberg) -- Platinum futures headed for a weekly decline in New York, ending the longest rally since May, after Russia allowed producers including OAO GMK Norilsk Nickel to resume exports. Palladium rose.
Norilsk, Russia's biggest platinum producer, was among companies that received new licenses to ship platinum, rhodium and other group metals, Interfax news agency reported April 25. Norilsk, also the world's biggest palladium producer, hadn't exported platinum-group metals since its license expired Jan. 1.
Read more at Bloomberg Commodities News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment