Tensions Flare in Nickel Rivalry

Reuters reported tensions remain high and reconciliation between the two main shareholders of Norilsk Nickel (LSE:MNOD) is unlikely.

As quoted in the market news:

Potanin said the more than 4-year conflict with rival oligarch Oleg Deripaska – the largest shareholder in aluminium firm RUSAL (0486.HK) – had flared up again, reviving a battle over governance, board control and returns to shareholders that has drained cash from the miner and sapped long-term investment.