Norilsk Nickel sees increase in prices
Edited by Rhod Mackenzie / 2014-05-05 01:04:16
Finance Metals and mining Norilsk Nickel Russia Financial results Shares Russia Metals and Mining Copper Nickel Platinum Palladium
Norilsk Nickel finished Q1 with the forecasted operational results. A slight reduction in nickel and copper production is connected with upgrading of the GMK’s enterprises and the optimization of the production expenses. Nickel production reduced by 5.2% to 67,800 tons within the period, due to the reduction in the yield of Kola GMK, Tati Nickel’s enterprise and reserving of operations at Lake Johnston in Australia. Copper production reduced by 0.7% to 90,400 tons that meets the forecasts of the company. This decline is compensated with growth in production of platinoids. Palladium production increased by 3.8% to 610,000 ounce. Platinum production increased by 6.9% to 150,000 ounces.
