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    Norilsk Nickel Plummets as Palladium Falls

    Investing News Network
    Mar. 01, 2012 03:47PM PST
    Precious Metals Investing

    Bloomberg reported palladium prices fall causing stock in Norilsk Nickel (LSE:MNOD) to plummet to the lowest point in one week.

    Bloomberg reported palladium prices fall causing stock in Norilsk Nickel (LSE:MNOD) to plummet to the lowest point in one week.

    As quoted in the market news:

    Norilsk slid as much as 1.9 percent, the steepest intraday drop since Feb. 22, and traded down 0.9 percent at 5,725 rubles at 3:27 p.m. in Moscow.

    Palladium for June delivery fell as much as 1.3 percent today to $702 per ounce in New York.

    Click here to read the full Bloomberg report.

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