MMC Norilsk Nickel Is a Metals Mining Core Holding

MMC Norilsk Nickel (NILSY.PK) and (GMKN RU) is the world's largest producer of palladium and nickel This Russian-based global mining company also mines and produces platinum, copper, metallic cobalt, rhodium, silver, gold, tellurium, selenium, iridium and ruthenium.

The stock is down 17 percent from a price bubble peak set in November 2007, but it remains in the multi-year upside price channel (green area on chart).

The stock is a candidate as a core holding for a metals mining stock portfolio.

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Posted December 23, 2007.