Norilsk Declines on Lower Demand for Palladium, Nickel From China

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.

Click here to read the full Bloomberg report.