Shares of Russian metals company Nornickel (Norilsk Nickel) surged 2.25 percent on Monday during trading on the Moscow Exchange, hitting an all-time high.
The value of the stock rose to 22,100 rubles (US$359) per share on the back of the rallying palladium prices. The metal, which was trading at about $2,500 an ounce on Monday, is now more expensive than gold. It has jumped by more than 25 percent in the last two weeks alone, and almost doubled in value over the last year.
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