Breaking News

Macquarie-Led Group to Buy Louisiana Utility Cleco for $3.4 Billion
Tweet TWEET

Norilsk Nickel Falls Most in Week as Palladium Prices Retreat

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.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.