In 2025, Norilsk Nickel reduced nickel production by 3% to 199,000 tons compared to a year earlier. This is stated in the company's message.
This was due to an increase in the proportion of interspersed and a decrease in rich ores in processed raw materials. Almost all nickel was produced from the company's own raw materials (198.2 thousand tons), and within the framework of the forecast in the amount of 196-204 thousand tons.
The group's copper production decreased by 2% to 425 thousand tons.
The Zabaikalsky division produced 70 thousand tons of copper in concentrate, which corresponds to the upper limit of the division's forecast in the amount of 66-70 thousand tons.
In 2026, the company expects a slight decrease in the production of platinum group metals due to a change in the ratio of metals in the structure of processed raw materials, said Evgeny Fedorov, First Vice President and Chief Operating Officer, quoted in the message.
MMC Norilsk Nickel is a diversified mining and metallurgical company that is the world's largest producer of palladium and high—quality nickel, as well as platinum, copper, cobalt, silver, gold, and iridium. MMC Norilsk Nickel's production units are located in the Norilsk Industrial District, on the Kola Peninsula and in the Trans-Baikal Territory in Russia, as well as in Finland. The company's shares are listed on the Moscow and St. Petersburg Stock Exchanges.
Norilsk Nickel's net profit under IFRS for the first half of 2025 increased by 2% to $842 million from $829 million a year earlier. Consolidated revenue increased by 15% to $6.5 billion. EBITDA increased by 12% to $2.6 billion.
According to RA AK&M, by the end of 2024, Norilsk Nickel is among the leaders of the fifth ranking of the largest Russian companies' responsibility to society.
