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Nornickel's 2019 nickel production target of 22-22.5 million tons

2019-04-15

According to a report released by Nornickel, the world's largest producer of refined nickel and palladium, its combined nickel production increased by 1% year-on-year to 217.77 million tons in 2018. Among them, nickel production of its own Russian raw materials increased by 3% year-on-year to 216,856 tons, exceeding the production target of 21 to 215,000 tons. The combined nickel production in the fourth quarter was 61977 tons, an increase of about 16% from the previous month. Nickel production from its own Russian raw materials increased by 17% from the previous month to 61,688 tons. The increase in production in the fourth quarter was due to the expansion of Kola MMC nickel carbonyl capacity and the increase in nickel concentrate production to third parties.

    Nickel production in Russia in 2018 increased by nearly 0.4% year-on-year to 158,005 tons, both from Kola MMC. Among them, the production of refined nickel from Russian raw materials decreased by 2% year-on-year to 148,839 tons. The output of nickel concentrate with Russian raw materials increased by 216% year-on-year to 8,680 tons of nickel. The nickel output of third-party raw materials decreased by 79% year-on-year to 486 tons. . In the fourth quarter of the year, the production of nickel in Russia was 45,398 tons, an increase of 22% from the previous month. Among them, the refined nickel production of Russian raw materials increased by 9% to 38,634 tons, and the output of nickel concentrates with Russian raw materials increased by 294% to 6,764 tons of nickel.

    Nickel production at the Harjavalta refinery in Finland increased by 2% year-on-year to 60,765 tons in 2018, with nickel production of Russian raw materials increasing by 8% to 59,337 tons. In the fourth quarter of the plant, nickel production increased by 2% from the previous month to 16,579 tons, of which nickel production of Russian raw materials increased by 3% to 16,290 tons.

    South Korea's Nkomati's nickel production in 2018 (according to its 50% stake, not included in the combined nickel production) fell 18% year-on-year to 6,597 tons, including a 40% quarter-on-quarter increase to 1931 tons.

In 2019, Norilsk Nickel Group (excluding Chita) Russia's raw material nickel production target: 22-22.5 million tons.


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