Norilsk Says Platinum May Be Better Investment Than Gold
Bloomberg reported OAO GMK Norilsk Nickel (LSE:MNOD) says platinum group metals may be a better investment than gold.
Articles Tagged "norilsk nickel"
Platinum Producer Norilsk Nickel in Share Buyback
IBTimes reported Norilsk Nickel (LON:MNOD) approved a public buyback of its shares at $306 per ordinary share and $30.6 per ADR.
Russia’s Rusal to Appeal Court Decision on Norilsk Case
Platts reported that Rusal will appeal the Nevis court's decision to hand out an injunction on the disposal of Norilsk Nickel shares held by Nickel's subsidiaries.
GM bankruptcy lends relief to platinum
Platinum prices, already on the positive track, got a boost this week from declining greenback and the announcement of GM’s Bankruptcy. GM’s bankruptcy is by no means a positive for platinum, as the auto industry accounts for approximately half of global platinum demand; however, platinum’s price has been reflecting the impending bankruptcy for many weeks.
