The event brought together leading industry experts to discuss new technologies and solutions based on platinum group metals.
Norilsk Nickel is transforming the traditional model of the mining and metallurgical business by developing its own technologies and materials for green energy.
The company actively cooperates with international research centers and industrial partners to accelerate the implementation of innovative solutions and develop demand for its metals.
Currently, demand for palladium is showing steady growth in China — imports from Russia almost doubled in 2023, reaching 554 thousand ounces. According to estimates by industry experts in China, by 2030, the consumption of platinum group metals in the country may grow to 6.6 million ounces.
The development of artificial intelligence and clean energy technologies opens up new prospects for the palladium market. Metal is becoming an important component in the production of modern processors, being introduced into data storage systems and into the renewable energy industry.
The Norilsk Nickel Palladium Technology Center is developing more than 20 projects in the field of high-performance technologies. By 2030, it is planned to create over 100 new palladium-based materials.
"The development of alternative energy, the growth of computing power for artificial intelligence and the increase in the efficiency of traditional applications of platinum group metals will generate additional demand for palladium with a volume of at least 40-50 tons," said Dmitry Izotov, head of the Center.
New research shows that the introduction of palladium into glass fiber production equipment reduces its cost and further maintenance for end users.
In the electronics sector, palladium is able to replace expensive gold in chips for data centers without losing the necessary properties.
Recall that the possibility of using palladium in green energy to reduce harmful emissions into the atmosphere was discussed in the spring of 2024 at the 80th session of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in Bangkok.
