Nornickel announces the Palladium Challenge competition in partnership with IPMI
Posted: October 18, 2021 at 10:53 a.m. EDT|Update: 1 hour ago
MOSCOW, October 18, 2021 / PRNewswire / – Nornickel, the world’s largest producer of high-quality palladium and nickel and a major producer of platinum and copper, announces the start of the Palladium Challenge, a competition with a 350,000 USD prize fund organized in partnership with the International Institute of Precious Metals (IPMI).
The Palladium Challenge is an initiative designed to inspire individuals, businesses and academic institutions to invent and design a sustainable use case that presents and increases demand for palladium. The metal is known for its unique catalytic abilities and physical properties, and although it is widely used in the automotive industry as an essential component of catalytic conversion, the Palladium Challenge seeks to expand its applications and spark the innovation.
Anton Berlin, Nornickel Vice-President, Sales and Distribution commented: “As the world’s largest producer of palladium, Nornickel plays a central role in developing and stimulating demand for this metal. In addition, as a company, we believe that palladium has enormous potential beyond automotive catalysts. We are seeing strong demand for palladium in other global industries, including the green economy and decarbonization. There are many other areas where palladium could perform a critical function, and we are very happy to announce the launch of the challenge, which aims to bring together scientists from all over the world. We encourage scientists, inventors, and entrepreneurs from around the world to participate. We hope this challenge will produce outstanding research results. “
The Palladium Challenge will be judged by an independent panel of global experts who will review all submissions. The top three projects will receive worldwide recognition and receive monetary prizes on September 16, 2022 at the IPMI Platinum Annual Dinner at New York City.
The prices will be as follows:
- 1st place: 200,000 USD
- 2nd place: 100,000 USD
- 3rd place: 50,000 USD
Registration is now open on the IPMI website. Completed proposals must be submitted no later than May 31, 2022. All entries are subject to the official Palladium Challenge rules.
IPMI and its Foundation for Education and Science are the world’s premier precious metals industry association representing all segments of the industry.
MMC Norilsk Nickel is a diversified mining and metallurgical company, the world’s largest producer of high-quality palladium and nickel, and a major producer of platinum and copper. The company also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium, sulfur and other products.
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SOURCE MMC Norilsk Nickel
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