Norilsk Nickel Plummets as Palladium Falls

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.