Fitch: palladium production in South Africa will shrink by 8.7% this year, while Russian production will increase by 2.5%.

SMM8, March 10 / PRNewswire-Asianet /-- Fitch Solutions, a leading provider of credit market data, analysis tools and risk services, said Russian palladium production is expected to grow by 2020 because the industry has not been disrupted by the epidemic.

Russian palladium producers will benefit from supply disruptions in external markets such as South Africa, according to a report from Fitch Solutions. Thanks to its smooth operating capacity and its position as a low-cost manufacturer, top manufacturer Norilsk Nickel will continue to maintain its leading position in the automotive catalyst market. On April 30th, the company confirmed that it would maintain its production target for fiscal year 2020 and expected to produce 265-2.78 million ounces of palladium. "

Despite the gradual lifting of the blockade, most of South Africa's palladium and gold mines are still underproduction, and Fitch expects South Africa's palladium production to shrink by 8.7 per cent this year, while Russia's palladium production is expected to grow by 2.5 per cent.

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