27.2 C
Belgrade
Supported byspot_img
spot_img

Nornickel announces consolidated platinum and palladium production , while nickel output decreased

Member of Europium Groupspot_img
Supported byspot_img

Russia’s Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announced today that in 9M 2023, its total nickel output decreased 9% y-o-y to 145 kt, most of which were produced from own Russian feed.

In a press release, the company said that the decrease in nickel output was attributed to scheduled repairs of furnaces at the Nadezhda smelter and a grinding mill at the Talnakh concentrator in Q1 2023.

In 9M 2023, the company’s total copper output decreased 4% y-o-y to 304 kt mainly due to production adjustments to improve the quality of copper cathodes, in order to meet new customer’s requirements.

Supported by

Nornickel noted that its Trans-Baikal division (Bystrinsky project) continued to ramp up on schedule, having increased production of copper in concentrate by 2% y-o-y to 52 kt in 9M 2023.

In 9M 2023, the company’s palladium and platinum (PGM) output amounted to 2,145 koz (up 1% y-o-y) and 528 koz (up 7% y-o-y), respectively.

“The increase in PGM production volumes was attributed to processing of ore with higher PGM content from the Oktyabrsky mine, improved extraction of precious metals at the Kola refinery and processing of earlier accumulated work-in-progress inventory,” Nornickel said.

Importantly, the company reiterated its previously announced production guidance from own Russian feed for FY2023.

Nornickel is a diversified mining and metallurgical company, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper. The company also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and other products.

The main production units of Nornickel are located at the Norilsk industrial district, on the Kola Peninsula and in the Trans-Baikal Territory of Russia.

 

Source: Kitco

Supported byElevatePR Digital

Related News

EU corporate sustainability directive: Implications for global supply chains and Africa’s mining communities

On 24 May, the European Union enacted the Corporate Sustainability Due Diligence Directive (CSDDD), a landmark legislation requiring large businesses to identify and mitigate...

Rio Tinto defends environmental safety of Serbia’s Jadar lithium project

Rio Tinto announced on Thursday that it had published new environmental studies indicating the safety of its Jadar lithium project in Serbia, which was...

Vianode CEO criticizes EU’s Raw Materials Act for inadequate industry support

The EU’s landmark Critical Raw Materials Act (CRMA), which officially came into effect on May 23, is being criticized for its lack of substantial...

Innovative Scandium supply chain: Scandium Canada Ltd. advances in renewable energy and 3D printing

Scandium Canada Ltd. has announced significant strides in creating a comprehensive scandium supply chain, from extraction to diverse industrial applications. The company's flagship Crater...
Supported by
Supported by
Supported by
error: Content is protected !!