Norilsk Nickel Drops to Six Month Low

Bloomberg reported Wednesday that shares of Russia’s Norilsk Nickel (OTCMKTS:NILSY) traded in the U.S, fell to a six month low on demand concerns.

As quoted in the publication:

American depositary receipts of the world’s largest nickel producer dropped 1.6 percent to $17.23 yesterday as the metal, used to prevent corrosion in stainless steel, slumped the most in two weeks. The stock has lost 20 percent since July, reversing a five-month rally that made it stand out as the benchmark Micex Index tumbled after President Vladimir Putin’s annexation of Crimea in March.

Click here to read the full Bloomberg article.