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Nornickel

Nornickel is a Russian mining and metallurgical company that ranks as one of the world's largest producers of nickel and palladium. Headquartered in Moscow, the company operates primarily in Russia's Norilsk-Talnakh region in the Arctic and on the Kola Peninsula, with additional assets in other countries. The company is listed on the Moscow Exchange and is majority-owned by a consortium of Russian investors and management. Nornickel's core business encompasses the extraction, processing and refining of nickel, copper, palladium, platinum and other platinum-group metals, which are essential for stainless steel production, catalytic converters and battery technologies. The company supplies a significant share of global palladium output and is a major player in the nickel market, competing with producers in Indonesia, Canada and Australia. Nornickel employs tens of thousands of workers across its mining, smelting and refining operations. The company has faced environmental scrutiny over pollution incidents in the Arctic, including a major diesel spill in 2020 that prompted regulatory action and remediation commitments. Nornickel was established through the consolidation of Soviet-era mining assets in the 1990s and has since modernised its operations and expanded its resource base through exploration and acquisition.

Nornickel News


An image of the Tumela mine at the Amandelbult operation
First half PGM supply shows recovery, not sustained production growth – Heraeus
4th September 2026 By: Tasneem Bulbulia

South African platinum group metal (PGM) mine production recovered strongly in the first half of this year, although much of the improvement reflects normalisation from the weather-disrupted first... 


An image of the Tumela mine at the Amandelbult operation
First half PGM supply shows recovery, rather than sustained production growth – Heraeus
17th August 2026 By: Tasneem Bulbulia

South African platinum group metal (PGM) mine production recovered strongly in the first half of this year, although much of the improvement reflects normalisation from the weather-disrupted first... 


Platinum ore
Russian Platinum plans November launch of Arctic mine
4th June 2026 By: Reuters

Russian Platinum plans to start production at its Arctic polymetallic project in November, the company’s owner said on Thursday. Currently only metals giant Nornickel produces platinum group... 


Dmitry Izotov at PGMs Industry Day in Johannesburg.
More PGM potential for South Africa as Palladium Center returns with major new insight
10th April 2026 By: Martin Creamer

One sensed at last year's PGMs Industry Day that Nornickel’s Palladium Center would be back this year with many more growth opportunities for South Africa’s platinum group metals (PGMs). That... 


Omnia’s supply chain strength, Nornickel's Palladium Centre, promising uranium/gold endowment make headlines
Omnia’s supply chain strength, Nornickel's Palladium Centre, promising uranium/gold endowment make headlines
27th March 2026

Mining Weekly Editor Martin Creamer unpacks how the Middle East crisis is highlighting the relevance of Omnia’s supply chain strength; Nornickel's Palladium Centre's long list of advancing new... 


Russia's Nornickel sees new palladium demand from China’s fibreglass sector
Russia's Nornickel sees new palladium demand from China’s fibreglass sector
23rd March 2026 By: Reuters

Nornickel, the world's biggest palladium producer, said demand for the metal from China’s fibreglass industry could reach 0.8-million ounces per year over the medium term, helping offset an... 


Nornickel to shift part of nickel output to copper plant during repairs
Nornickel to shift part of nickel output to copper plant during repairs
13th February 2026 By: Reuters

Russian metals producer Nornickel plans to start experimental nickel smelting at its copper plant this year to maintain output during a major furnace reconstruction scheduled for 2027, a company... 


Nornickel sharply hikes nickel surplus forecasts for this year and next
15th December 2025 By: Reuters

Russian mining giant Nornickel said on Monday that it had doubled its nickel surplus forecast for this year and more than doubled its forecast for 2026. In a metals market review, Nornickel, the... 


Platinum ore
China levels the playing field with its platinum VAT reform - Heraeus
27th October 2025 By: Sabrina Jardim

China announced a major policy adjustment last week with the removal of its long-standing value-added tax (VAT) exemption on platinum imports, global technology group Heraeus Precious Metals states... 


World Platinum Investment Council Director of Research Edward Sterck.
Demand for platinum as an investment product is 'extremely strong'
11th September 2025 By: Martin Creamer

The demand for platinum as an investment product is currently “extremely strong”.. “We’re seeing Chinese consumers who are looking for hard assets that are also liquid. With the increase in the... 


Sibanye-Stillwater's call for US tariff on Russian palladium may add to price volatility
Sibanye-Stillwater's call for US tariff on Russian palladium may add to price volatility
5th August 2025 By: Reuters

Sibanye-Stillwater has asked the United States to consider imposing a tariff on Russian palladium imports to support the long-term viability of US supplies, in a move that could increase volatility... 


Nornickel's Palladium Center Head Dmitry Izotov.
South Africa’s palladium can cut country’s water treatment costs, researchers show
25th July 2025 By: Martin Creamer

The message Nornickel's Palladium Center head Dmitry Izotov communicated strongly at South Africa’s PGM Industry Day in Johannesburg in April was that research is pointing to a long list of... 


Nornickel's Palladium Center Head Dmitry Izotov.
South Africa’s palladium can cut South Africa’s water treatment costs, researchers show
8th July 2025 By: Martin Creamer

The message Nornickel's Palladium Center head Dmitry Izotov communicated strongly at South Africa’s PGM Industry Day in Johannesburg in April was that research is pointing to a long list of... 


Nornickel lowers forecast for 2025 nickel surplus to 120 000 t
Nornickel lowers forecast for 2025 nickel surplus to 120 000 t
3rd July 2025 By: Reuters

Russian mining giant Nornickel expects this year's nickel surplus to be 120 000 t which is 30 000 t lower than it previously thought, it said in a metals market review on Thursday. Nornickel, the... 


Nornickel expects balanced palladium market, nickel oversupply
Nornickel expects balanced palladium market, nickel oversupply
27th June 2025 By: Reuters

Russian mining giant Nornickel expects a balanced palladium market this year but oversupply in the nickel market, Nornickel Vice President Anton Berlin told reporters on Friday. Nornickel is the... 


Russia's Nornickel expects negative hit from high rates, trade wars
27th June 2025 By: Reuters

Russian mining giant Nornickelsaid on Friday it expects its financial results to deteriorate this year under pressure from low metals prices, high interest rates, the strong rouble and global trade... 


Nickel produced in South Africa
Nickel oversupply to persist on expansion, slower demand growth, industry experts say
5th June 2025 By: Reuters

Oversupply in the global nickel market is expected to persist over the next few years given production capacity expansion and slower growth in demand for the metal used in batteries and stainless... 


Centre for Palladium Technologies head Dmitry Izotov.
South Africa invited to help uplift palladium demand by 1.7-million ounces a year
2nd May 2025 By: Martin Creamer

South African platinum group metals (PGM) companies have been invited to become part of a programme that is targeting an initial 1.7-million-ounce increase in demand for palladium, a PGM that... 


Anglo American's Fahmida Smith (centre) flanked by Nornickel's Dmitry Izotov (left) and Heraeus's Dominik Sperzel (right).
SA’s hydrogen corridor project shortlisted for JET funding
25th April 2025 By: Martin Creamer

South Africa’s rejigged green hydrogen corridor project, Project Rhynbow, has been shortlisted for just energy transition (JET) investment project funding, this week’s Platinum Group Metals (PGM)... 


Nornickel maintains 2025 nickel production forecast
Nornickel maintains 2025 nickel production forecast
22nd April 2025 By: Reuters

Russia's Nornickel, one of the world's largest producers of nickel and the largest producer of palladium, on Monday maintained its nickel production outlook for 2025 at 204 000 to 211 000 metric... 


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