Norilsk: Russian Equity Preview
Bloomberg reported the Micex Index fell 1.7 percent at the close in Moscow as the dollar-denominated RTS Index dropped 3.6 percent.
Bloomberg reported the Micex Index fell 1.7 percent at the close in Moscow as the dollar-denominated RTS Index dropped 3.6 percent.
Reuters reported global nickel stockpiles are now rising slightly, putting pressure on prices, according to Norilsk Nickel (MCX:GMKN).
Bloomberg reports United Co. Rusal’s (HKG:0486) Russian depositary receipts dropped after OAO GMK Norilsk Nickel (MCX:GMKN) lowered its offer.
Reuters Africa reports Norilsk Nickel (LON:MNOD) sold 136,400 tonnes of nickel in the first half of the year at an average price of $25,923 per tonne.
Mineweb reports that Russian miner Norilsk Nickel (LON:MNOD) has opened a mine in Australia.
Bloomberg reports that Norilsk Nickel (LON:MNOD) awarded Trafigura Beheer BV a metals export contract.
Reuters Africa reports that Norilsk Nickel (LON:MNOD) resumed Arctic shipments from Dudinka after flooding prompted a seasonal halt.
Reuters reports global nickel consumption will grow by 5 percent in 2011.
Bloomberg reports that Andrei Klishas, Norilsk Nickel’s (LON:MNOD)president, plans to resign and start a career as a lawmaker.
Bloomberg reports that Norilsk Nickel (LON:MNOD) may cooperate with Trafigura Beheer BV to seek acquisitions or develop projects.
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