Norilsk Nickel Likely to Suspend Botswana Operations

Reuters reported that Russia’s Norilsk Nickel might halt operations at its nickel mine in Botswana due to a sharp drop in the prices of metals.

As quoted in the news report:

Global prices for nickel, a key ingredient to make stainless-steel, have fallen 10 percent since the start of 2013, forcing the company to review some production, Norilsk said in the prospectus for a forthcoming Eurobond issue seen by Reuters.

Click here to read the full Reuters report.