Bloomberg News

Norilsk Nickel Drops 3rd Day as Prices Plunge in London Trading

October 04, 2011

Oct. 4 (Bloomberg) -- OAO GMK Norilsk Nickel, the world’s biggest producer of the metal, slid for a third day after prices tumbled in London.

The shares slid as much as 5.2 percent and dropped 4.6 percent to 6,394 rubles by 1:51 p.m. in Moscow.

Nickel for three-month delivery fell as much as 4.9 percent to $18,101 a metric ton on the London Metal Exchange.

--Editors: Alex Nicholson, Alan Purkiss

To contact the reporter on this story: Jason Corcoran at Jcorcoran13@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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