24.6 C
Belgrade
Supported byspot_img
spot_img

Russian Nornickel participates in stainless steel factory project with a goal to boost nickel sales

Member of Europium Groupspot_img
Supported byspot_img

Russian mining and metals giant Nornickel has decided to join a project to build a plant producing stainless steel products in Russia, it said on Monday.

The project is led by Russia’s RNK-Holding. The company is building a complex for the production of high-quality hot-rolled and cold-rolled flat products in Volgograd region.

Participation in the project will allow Nornickel to increase its domestic nickel sales, as well as to “integrate into the production of deep conversion products in the steel and alloys sector”, Nornickel said.

Supported by

Annual production at the new plant is expected to be up to 500 000 metric tons per year. The cold-rolling shop is scheduled to open in 2025, the hot-rolling shop in 2026, and the electric steelmaking shop in 2027.

 

Source: Mining Weekly

Supported byElevatePR Digital

Related News

Mali signs lithium mining agreement with Ganfeng, eyes revenue boost

Earlier this week, Mali's economy minister announced a significant deal with China's Ganfeng Lithium regarding the operation of the Goulamina lithium mine. Under the...

IEA analysis calls for greater investment despite 2023 drop in clean energy mineral prices

Prices for key minerals used in clean energy technologies fell in 2023 as supply outpaced demand, easing pressure on the market. However, a new...

Europe must boost investment to secure raw materials for EV production

Europe's reliance on importing the majority of raw materials for electric vehicle (EV) production is proving increasingly unsustainable, leaving its economy vulnerable. This week,...

French government supports initiative for nickel and cobalt refinery to strengthen electric vehicle battery supply chain

The French government is endorsing a private sector initiative to establish a nickel and cobalt refinery near Bordeaux, aimed at strengthening the country’s electric...
Supported by
Supported by
Supported by
error: Content is protected !!