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Reuters reported Rusal (HK:0486) is unable to make an offer for palladium miner Norilsk Nickel (LSE:MNOD).
Reuters reported Rusal (HK:0486) is unable to make an offer for palladium miner Norilsk Nickel (LSE:MNOD).
As quoted in the market news:
RUSAL bought the holding in Norilsk Nickel, the world’s largest miner of nickel and palladium, for an estimated $14 billion at the top of the market in 2008, and the company is still carrying an about $11 billion debt burden as a result.
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