Friday, May 30, 2025

Latest

Russian Miner Nornickel Raises 2024 Production Targets

Nornickel announced revised production forecasts for 2024, adjusting its metal output projections across all categories. The Russian-based company’s updated nickel production target ranges from 196,000 to 204,000 metric tons, though this remains below the 209,000 tons produced in 2023.

Following maintenance work at its Nadezhda smelter in August, the company reported nickel production of 146,210 tons for the first nine months of the year. Third-quarter figures showed a 16% increase in nickel output compared to the previous quarter.

The company modified its palladium estimates to 2.624-2.728 million ounces, with current production reaching 2.156 million ounces through September. Operations Director Alexander Popov noted steady outputs for platinum and nickel, while reporting changes in copper and palladium production.

Market dynamics have shifted for the company, which has adjusted its sales approach in response to international sanctions. While not directly affected by Western restrictions, the company has experienced changes in its buyer relationships, leading to an increased focus on Asian markets.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Steven Seagal Goes Full Russian, Begins Training Future Soldiers in Moscow

American-born martial artist, former action star, and avid Vladimir Putin supporter Steven Seagal is helping...

Thursday, March 23, 2023, 05:21:00 PM

Major Russian Bank Set to Launch its own Stablecoin in 2021

A number of central banks around the world have been mulling the use of digital...

Monday, January 25, 2021, 11:51:00 AM

Russia: After Marching Toward Moscow and a Potential Coup Attempt, Mercenary Wagner Group Abruptly Turns Around

Based on many examples of unfortunate accidents which have befallen Russian President Putin’s rivals, few...

Saturday, June 24, 2023, 04:42:08 PM

Russia Warns That A Putin Arrest In BRICS Summit Would Be ‘A Declaration of War’

South African President Cyril Ramaphosa has warned that any attempt to arrest Russian President Vladimir...

Wednesday, July 19, 2023, 11:38:00 AM

Canada Looks To Ban Import Of Russian Oil

Well, it’s official. Canada is formally looking to ban imports of oil from Russia on...

Monday, February 28, 2022, 10:45:05 PM