Nickel Falls In China, Norilsk Drops

Apr. 16, 2012 02:55PM PST

Bloomberg reported Norilsk Nickel (LSE:MNOD) has reached a three-month low on plummeting nickel trade in China.

As quoted in the market news:

China said on April 13 gross domestic product rose 8.1 percent in the first quarter, below the median analyst estimate and the slowest pace for 11 quarters. Nickel tumbled on concern a retreat in the world’s second-largest economy and biggest exporter of goods will crimp demand for raw materials.

Click here to read the full Bloomberg report.