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Norilsk Nickel Falls Most in Week as Palladium Prices Retreat
Mar 2, 2012 10:35Source:SMM
OAO GMK Norilsk Nickel (GMKN), the world’s largest producer of palladium, fell the most in more than a week in Moscow trading today as prices for the metal declined.
Mar. 2 -- OAO GMK Norilsk Nickel (GMKN), the world’s largest producer of palladium, fell the most in more than a week in Moscow trading today as prices for the metal declined.
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.
nickel; Norilsk Nickel;
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