Norilsk Gains Most in Month on Indonesia Ore Ban: Moscow Mover
OAO GMK Norilsk Nickel (GMKN), the world’s largest nickel producer, advanced the most in more than a month after Indonesia said it will ban nickel-ore exports in 2014, signaling the price of the metal may rise.
Norilsk climbed 2.3 percent to 5,078 rubles by 2:52 p.m. in Moscow, the biggest jump since Oct. 25. The number of shares traded was equivalent to 65 percent of the three-month daily average. The stock added 2.3 percent to $15.40 in London.
Read more at: http://www.businessweek.com/news/2013-12-05/norilsk-gains-most-in-month-on-indonesia-ore-ban-moscow-mover
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