Palladium prices surge to record on concern for Russian exports
Article Abstract:
Johnson Matthey PLC, a UK-based metals refining and trading firm, reported a shortfall of 210,000 troy ounces in the palladium market in 1997 even as demand rose to 21% from 1996, to 7.46 million ounces. Against this scenario, spot palladium prices climbed to $410 per troy ounce breaking through the previous record of $390 set in April 1998. The increase comes amid worries that exports of the precious metals will continue to dwindle until the second half of 1998. Russia, which produces 60% of the world's palladium, unloaded more than the usual shipments during the second half of 1997 but this was not able to address the imbalance.
Comment:
Reported a shortfall of 210,000 troy ounces in the palladium market in 1997 even as demand rose to 21% from 1996, to 7.46 mil
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Russian art heads home
Article Abstract:
Major sales of Russian art are set to start at auction houses in London, England. There is a surge in the Russian art market driven by Russians with great wealth. Antiquities, paintings, silver workings, porcelain and all manner of precious objects are to be sold.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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Christies names Dolman CEO, replacing Davidge
Article Abstract:
Edward Dolman has been appointed as the new chief executive officer (CEO) of Christies International. The 39-year old Dolman will replace Christopher Davidge as CEO.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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