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Norilsk Declines on Lower Demand for Palladium, Nickel From China
Mar. 21, 2012 03:03PM PST
Precious MetalsBloomberg reported Norilsk Nickel (LSE:MNOD) stocks fell on Wednesday on news China’s imports have slowed for nickel and palladium.
Bloomberg reported Norilsk Nickel (LSE:MNOD) stocks fell on Wednesday on news China’s imports have slowed for nickel and palladium.
As quoted in the market news:
American depositary receipts of Norilsk, the world’s largest producer of nickel and palladium, slipped 5.8 percent to $18.60 in New York, the lowest level since Feb. 23. The stock was the biggest decliner on the Bloomberg Russia-US Equity Index (RUS14BN) of Russian companies listed in the U.S.
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