Vladimir Potanin, president and co-owner of Russian mining giant Nornickel, confirmed on Tuesday that negotiations for a joint copper smelting venture with Chinese partners were progressing, with a Chinese government-approved concept expected to take clearer shape by the summer. His remarks came during the congress by the powerful business lobby group Russian Union of Industrialists...
READ MORERussia’s Nornickel, the world’s top supplier of palladium, a metal mainly used in car manufacturing, is pushing to expand its industrial applications as demand from automakers decline. In collaboration with the Krasnoyarsk Non-Ferrous Metals Plant, Russian state-owned refinery, and with support from the Chinese Precious Metals Committee, the company introduced palladium-based bushings as an alternative...
READ MORENornickel, a leading global mining company, has released its financial results for 2024, showing a 13% decline in revenue to $12.5 billion and a 37% drop in net income to $1.8 billion. Free cash flow also decreased by 31% to $1.9 billion, while net debt rose 6% to $8.6 billion. The company’s reduced financial performance...
READ MORENornickel, a leading Russian miner, has outlined its production targets for base and precious metals in 2024, forecasting a slight increase in nickel output. The company expects nickel production to rise by 1.2%, reaching 204-211 thousand tonnes. Copper output is projected to remain stable at 363-373 thousand tonnes, with an additional 66-70 thousand tonnes of...
READ MORENornickel, one of the world’s largest precious metals producers and a leader in non-ferrous extraction, has signed a cooperation agreement with BelAZ, the leading CIS manufacturer of mining dump trucks. This partnership focuses on the development and production of specialized machinery tailored for Nornickel’s mining operations, aiming to reduce reliance on imported equipment and enhance...
READ MORENornickel, one of the world’s largest producers of non-ferrous and precious metals, is moving forward with a significant copper-nickel ore mining project at its Severny mine. The project will target deposits at depths of 430 to 730 meters within the Zhdanovskoye, Bystrinskoye, and Tundrovoye sites, which form part of the Pechenga Group, the raw materials...
READ MORENornickel, one of the world’s largest palladium producers, is working to broaden global demand for the metal by promoting innovative applications, addressing the anticipated decline in its use within internal combustion engine vehicles. The company, which produces more than 80 tonnes of palladium annually, foresees a long-term plateau in automotive industry demand—currently responsible for over...
READ MORERusal, Russia’s primary aluminum producer, has allegedly taken steps to disrupt several key investment projects by Nornickel, one of the world’s leading producers of non-ferrous and precious metals. According to a source close to Interros, Nornickel’s majority shareholder, Rusal’s actions have targeted initiatives critical to Nornickel’s growth and environmental goals. Among these is Nornickel’s ambitious...
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Nornickel, a leading Russian mining company and a top producer of palladium and nickel, has released its market projections for 2025, highlighting distinct supply and demand dynamics for copper, nickel, platinum, and palladium. Each metal’s outlook reflects a mix of global economic factors and industry-specific developments. CopperThe global copper market, currently in surplus by 200,000...
READ MOREThe global copper market is projected to see a surplus of 200,000 tonnes in 2024 before achieving balance in 2025, according to Nornickel’s latest market analysis. The company attributes this trend to growing demand spurred by renewable energy, electric vehicles, and rising global electricity consumption. While concerns about long-term copper supply shortages persist, recent investments...
READ MORENornickel, the world’s leading palladium producer, is aiming to counter declining demand from internal combustion engine vehicles by developing innovative applications for the metal. The company expects annual palladium demand in China to increase by 5-10 tonnes (7.6-15% of current consumption) from 2026-2027 through these efforts. Currently, over 80% of global palladium use comes from...
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