CAPITAL MARKETS

Russian quota delays keep palladium at record levels

HOPES for an end to the squeeze on world platinum and palladium supplies have been dashed by news that export quotas for Russian shipments of platinum group metals (PGMs) will now not be signed until next month.

Tim Treadgold

Russia's deputy finance minister, Valery Rudakov, said it might take another 10-to-15 days for the quotas to be issued. Delays in issuing quotas has seen platinum prices hit a 13-year high of US$645...

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