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High palladium price helps break fall in Nornickel's 2020 profit

Metal Bulletin - 2/20/2021 6:05:00 AM
according to financial results issued by the Russian miner on Tuesday February 16. Nornickel posted a net profit of $3.634 billion for 2020, down from $5.966 billion in 2019. Strong commodity prices, especially that for palladium, helped Nornickel end the ...

Russians boosted precious metal investments during Covid crisis

RT - 3/4/2021 9:36:00 AM
The coronavirus pandemic has spurred a record demand for gold, silver and other precious metals in the Russian capital, state lender Sberbank has revealed.

Global palladium output fell 7% in 2020; Russia was the biggest palladium producer - report

Business Insider - 2/12/2021 12:00:00 AM
Disclaimer | Commerce Policy | Made In NYC | Stock quotes by finanzen.net (Kitco News) - Global palladium production declined by 7% in 2020. Russia was the largest producer of palladium ...

Nornickel to Stabilize Water Inflows at Mine by Next Week

Bloomberg - 3/3/2021 3:57:00 PM
Billionaire Chief Executive Officer Vladimir Potanin said MMC Norilsk Nickel PJSC plans to stabilize water inflows at one of its biggest mines in the Russian Arctic by March 9. Nickel prices slid the most since 2016.

UPDATE 2-Nornickel shares drop after partial suspension of operations at two mines

Reuters - 2/24/2021 3:42:00 PM
Norilsk Nickel said on Wednesday it had partially suspended operations at its Oktyabrsky and Taimyrsky mines in Siberia because it had detected an inflow of water underground, sending shares of the Russian metals miner down more than 6%.

Keeping close eye on cost structure amid rising commodity prices: Maruti Suzuki

Mint - 2/14/2021 12:50:00 PM
"Demand across the world has gone up but its mining happens only in Russia and South ... "for rhodium and palladium, supply is not an issue but the price is a problem but in semiconductor, supply ...

RDIF sees UAE, Saudi Arabian investors’ interest in Arctic Palladium project, says CEO

TASS - 11/20/2019 10:04:00 AM
Arctic Palladium is an example of a project extremely promising for Russia, which demonstrates ... which will obviously have a positive impact on prices," he said. The agreement on reduction ...

Nornickel to Stabilize Water Inflows at Mine by Next Week

Yahoo Finance - 3/3/2021 1:30:00 PM
Billionaire Chief Executive Officer Vladimir Potanin said MMC Norilsk Nickel PJSC plans to stabilize water inflows at one of its biggest mines in the Russian Arctic by March 9. Nickel prices slid ...

Nornickel shares drop after partial suspension of operations at two mines

Mining Weekly - 2/25/2021 4:25:00 AM
Prices of nickel and palladium were up in London trading ... The two mines account for 36% of Nornickel's ore mined in Russia, analysts at Renaissance capital said in a note, adding that they ...

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