Nornickel Invests $100M in AI to Boost Palladium Demand Amid EV Shift

Published: Mar 25, 2026 16:16

Save

Russia’s MMC Norilsk Nickel PJSC is betting on artificial intelligence as part of a $100 million push to find additional uses for palladium as electric vehicles erode the metal’s main source of demand.Nornickel, the world’s biggest palladium producer, aims to create 1.7 million ounces of new annual consumption for the metal. That’s equivalent to almost a fifth of existing demand.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

59 mins ago

Tin Prices Moved Sideways After Falling from Highs, Spot Market Waited on the Sidelines with Low-Price Orders [SMM Tin Midday Review]

[SMM Tin Midday Review: Tin Prices Moved Sideways After Declining from Highs, Spot Market Placed Orders on Dips and Adopted a Wait-and-See Approach]

59 mins ago

3 hours ago

Hangzhou Hosts Embodied AI Conference; Wasu Media Leads Industry Chain Alliance for Pilot Base

On May 16, the Hangzhou Embodied AI Innovation and Development Conference and the unveiling ceremony of the National AI Application Pilot Base (Embodied AI) were held in Hangzhou High-tech Zone (Binjiang). Wasu Media, together with Hangzhou High-tech Sci-tech Innovation Group, Hangzhou Data Group, Unitree Robotics, Galbot, Moore Threads, Metax, Huace Film & TV, and 18 other industry leaders, signed agreements collectively to form an entire industry chain alliance covering capital, chips, hardware, and applications. Wasu Media will participate in the investment and construction of the base, jointly exploring the application of embodied AI in scenarios such as urban governance, smart cultural tourism, and the low-altitude economy.

3 hours ago

4 hours ago

The Most-Traded SHFE Tin Contract Held Steady with Fluctuations in Night Session as Downstream and End-User Purchasing Sentiment Remained Subdued [SMM Tin Morning Brief]

[SMM Tin Morning Brief: The most-traded SHFE tin contract held steady with fluctuations during the night session, with subdued purchasing sentiment among downstream and end-user enterprises]

4 hours ago