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Russia's Nornickel sees new palladium demand from China’s fibreglass sector
Nornickel, the world's biggest palladium producer, said demand for the metal from China’s fibreglass industry could reach 0.8-million ounces per year over the medium term, helping offset an expected decline in demand from the auto sector. Russia-based Nornickel, which accounts for about 40% of global palladium output, set up a Palladium Center in 2023 to develop new applications for the metal beyond autocatalysts, which currently use more than 80% of supply. China bought 20,000 ounces of palladium last year to test its use in the glass industry, and successful 300‑day industrial trials in China have prompted the ... (full story)
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- Mar 23, 2026 8:55am Posted byFundamental Analysis214
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