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Commodities Briefing - Categorized | Market Moves, Metals and Minerals, Regulatory more

Russia may buy metal to buoy producers

Posted on 27 February 2009

From Bloomberg: Russia is considering buying metals to support domestic producers hit by the global financial slump, according to an economic adviser to President Dmitry Medvedev.

The idea, proposed last year by the nation’s largest mining company OAO GMK Norilsk Nickel and the billionaire who controls Russia’s biggest aluminum producer, depends on balancing the budget, Arkady Dvorkovich said in an interview today. …. Full Article: Source


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