Norilsk VP On the Outs as Cash Price of Nickel Up in India, China

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Looks like it’s quittin’ time for Norilsk’s VP Vladimir Strzhalkovsky.

Via RIA Novosti: “Strzhalkovsky, who was appointed Norilsk Nickel’s chief executive in 2008, quit this post in December 2012 as part of a reconciliation deal to end the long-standing feud between the metal giant’s core shareholders, Rusal and Interros.”

Current Nickel and Stainless Prices

The Indian nickel cash price rose 0.8 percent on Friday, May 17, making it the day’s biggest mover, after falling for two days. The spot price of nickel weakened by 0.4 percent on the LME, settling at $14,765 per metric ton. The nickel 3-month price flattened at $14,895 following two-days of declines on the LME.

today's metal prices - MetalMiner IndXMeanwhile, the price of Chinese primary nickel rose 0.2 percent after a two-day drop.

The price of Chinese ferro-chrome saw little movement. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat.

The prices of Chinese 304 and 316 stainless coil and scrap were unchanged.

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