“Nornikel” has reduced the release of metals For the quarter, volumes fell to 7-29%
Wirenewsfax - GMK Norilsk Nickel has reduced the production of copper, platinum group metals and Nickel. On the issue of copper impacts that end stocks of copper concentrate, purchased a few years ago “Rostec”.
In the palladium market after the introduction of the quarantine restrictions in connection with the epidemic was a surplus instead of the expected deficit.In the first quarter of this year “Nornikel” has reduced manufacture of basic metals, the the company operating results for the quarter.Thus, the release of copper in the first quarter decreased 9% to 11 thousand tons.
MMC explains that the planned reduction in processing of copper concentrate, which was purchased from Rostec and a decrease in the content of copper in the concentrate. Almost the entire volume of the metal was produced from domestic raw materials, the company explained.The deal to buy 1.5 million tonnes of copper concentrate was made in 2016.