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Nornickel sees new technologies sustaining China's palladium demand
Russian metals giant Nornickel believes that new technologies it is developing, including for the synthesis of hydrogen, will create demand for palladium in China equal to up to 15% of current consumption, a top executive told Reuters. Demand from makers of internal combustion engine (ICE) vehicles who use palladium in exhaust pipes to neutralise emissions - which accounts for 80% of the metal's global use - is set to shrink due to the rise of electric vehicles. Nornickel, the world's largest palladium producer, estimates that traditional demand from China, the largest consumer of the metal, will fall by 29% to 47 ... (full story)