Reuters citing some sources reported that international trading house Trafigura Beheer BV, which has agreed to buy an equity stake in top world palladium and nickel miner Norilsk Nickel, may get a share of its output to sell on the market.
The report cited a source close to talks between Norilsk's shareholders and the owners of top aluminium producer RUSAL on a buyout of RUSAL's stake in Norilsk, said a marketing deal with Glencore, a minority owner of RUSAL, is unlikely to materialize.
The source said Norilsk is still in discussions with the Dutch based trade house on a wide range of Norilsk products.
Norilsk's newfound relationship with Trafigura comes as a challenge to Glencore.
RUSAL is challenging the sale of the stake to Trafigura.
Norilsk officials have repeatedly expressed a preference for sales under long term contracts, saying spot sales through trade houses created unnecessary price volatility which made it difficult to ensure stable operations.
（Sourced from Thomson Reuters）
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