Nornickel bets on AI to find palladium uses

From miningmx.com

Norilsk Nickel is deploying artificial intelligence as part of a $100m push to develop new applications for palladium, as electric vehicles threaten to erode the metal’s dominant source of demand, said Bloomberg News on Tuesday. The Russian miner, the world’s biggest palladium producer, aims to create 1.7 million ounces of new annual consumption — equivalent to roughly a fifth of existing demand — through its Palladium Center, established in 2023 with a $100m first-phase budget, said Bloomberg News. Around 80% of palladium currently ends up in autocatalysts used to curb emissions from petrol and diesel ... (full story)