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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer

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To: Sleeper who wrote (936)	8/28/2001 10:11:10 AM
From: Sleeper	Read Replies (2) of 976

Europe palladium rises, concern over Russian metal 8/28/2001 6:29:00 AM LONDON, Aug 28 (Reuters) - Palladium prices rose sharply on Tuesday in Europe, fixing higher, as Russia said it had halted precious metals exports last Saturday. The platinum market, which is not as dependent on Russia for supplies, reacted less significantly to the news, while gold and silver remained static. "This is more of an issue for palladium, as they (Russians) are the biggest supplier. It is a sentiment thing at the moment, because turnovers are not large. But what it will do is stop people from going short," a trader said. "It is a case of waiting to see what New York makes of this," the trader added. Russia said on Tuesday that it had suspended precious metals exports from last Saturday due to the absence of a mechanism for their control, according to a source at the Finance Ministry. www2.marketwatch.com; Sleeper

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