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Late last week, Norilsk Nickel’s largest shareholder, Vladimir Potanin, stated that the company has found alternative palladium shipment routes. According to Potanin, the company used to do most palladium deliveries via air; however, most air routes have ceased due to sanctions on several Russian commercial airline companies. He did not specify what new shipment methods have emerged, nor any news regarding nickel shipments. Norilsk Nickel is the world’s largest palladium and refined nickel producer, according to Reuters. Consumers who are concerned about their palladium or nickel input costs might consider purchasing swaps or call options. Please note that doing so might incur losses if prices decrease. Please contact AEGIS for specific strategies that fit your operations. (3/14/22) |
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Note: Clients with AEGIS Platform access can see this and other research, plus hedge portfolio reporting and tools here. |
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AEGIS Insights |
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03/02/2022: AEGIS Factor Matrices: Most important variables affecting metals prices 02/15/2022: Section 232 Tariffs: Most relevant developments (AEGIS Reference) |
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| Important Headlines | ||
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3/13/2022: Wall St Week Ahead Investors jump into commodities while keeping eye on recession risk 3/12/2022: UPDATE 1-Russia's Nornickel has new routes for palladium supplies -Potanin tells RBC |
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| Important Disclosure: Indicative prices are provided for information purposes only, and do not represent a commitment from AEGIS Hedging Solutions LLC ("Aegis") to assist any client to transact at those prices, or at any price, in the future. Aegis makes no guarantee to the accuracy or completeness of such information. Aegis and/or its trading principals do not offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program.
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