Wednesday, October 8, 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.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Russia Braces For Price Hikes on Essentials of up to 40%

Consumers are bracing for a significant surge in food prices as Russian suppliers of essential...

Friday, August 16, 2024, 12:55:00 PM

Russia Blocks Sale Of Securities By Foreigners

It appears that things in Russia aren’t going exactly as planned for Vladimir Putin. Following...

Sunday, February 27, 2022, 06:08:39 PM

Oil Rallies After OPEC+ Surprise Production Cut, But Is Biden To Blame?

Oil futures rallied on Monday after Saudi Arabia and other OPEC+ members announced unexpected oil...

Monday, April 3, 2023, 12:44:00 PM

Sanctions On Russia Are Working: Yale Paper

It seems like eons ago but the ongoing war in Eastern Europe sparked by Russia’s...

Saturday, August 6, 2022, 09:00:00 AM

Biden Signs Ban On Russian Enriched Uranium Imports

US President Joe Biden signed a bill on Monday prohibiting the import of Russian enriched...

Tuesday, May 14, 2024, 11:09:49 AM