Steel News

We strive to let you one step ahead of the market.

Nornickel’s projects to be delayed by Western partners’ non-cooperation

6 Feb 2023 16:59 reported by Joy Liu

A A A
Norilsk Nickel (Nornickel), a Russian nickel and palladium mining and smelting company, said some of its projects that were planned to be completed after 2024 are likely to be delayed by two to three years because its Western partners rejected to supply some equipment.

Since the Russia-Ukraine war in February last year, Nornickel and its products haven’t been directly targeted by Western sanctions against Russia, but the sanctions brought an indirect impact on the company’s operation.

Nornickel expected its nickel and palladium production to decrease in 2023, but and the company planned to sell all its produced metals.

Back to Steel News

Related News

BHP & Rio Tinto launch groundbreaking trials for electric haul trucks in emission reduction push

  • Industry activities
  • 30 May 2024 16:03

PIF to acquire Hadeed & Rajhi Steel to boost Saudi industrial development

  • Industry activities
  • 30 May 2024 15:49

Russia becomes EU's second largest steel supplier in Mar

  • Industry activities
  • 29 May 2024 16:52

Cleveland-Cliffs in talks to acquire NLMK's U.S. Midwest steel assets

  • Industry activities
  • 29 May 2024 16:36

European steel leaders voice concerns over CBAM impact

  • Industry activities
  • 29 May 2024 16:24

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 3,059.00
  • 3,116.00
  • Aluminum
  • 2,694.00
  • 2,740.00
  • Copper
  • 10,292.00
  • 10,429.00
  • Nickel
  • 20,250.00
  • 20,560.00

Learn more

Coil Exchange Center

  • 2B Coil-Jun
  • 2,660
  • 2,520
  • NO1 Coil-Jun
  • 2,630
  • 2,490
  • 2B Coil-Jun
  • 2,660
  • 2,520
  • NO1 Coil-Jun
  • 2,630
  • 2,490

Learn more