Re: Norilsk launches new English language website in last two weeks - Coincidence?
posted on
Apr 05, 2008 04:30PM
Yes, you recognize the potential for a 'cornering of the market' in terms of PGM's by Norilsk, similar to what, allegedly, the Hunt brothers tried to do in the 80's with the silver market (was actually the Saudi's with the biggest money involved in that attempt). I wouldn't doubt that Norilsk wants the same type leverage in the PGM market. I doubt it will happen - but that doesn't mean they will not make a serious attempt. I'm sure they will - so will Xstrata and BHP Billiton, CVRD, and likely some others. Nice thing is the Russian mafia has not taken control of the Canadian seats of power - so they cannot 'make us an offer we can't refuse'.