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Why invest in Nornickel

NORNICKEL AS AN INVESTMENT

Nornickel is Russia’s leading metals and mining company, world leader in high-grade nickel and palladium, and one of the biggest platinum and copper producers. The

Group
also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium, and sulphur.

Currently, Nornickel is actively pursuing the strategy of processing capacities reconfiguration and business model optimization to maximize market cap and returns on invested capital for shareholders.

More details on strategy

WHY INVEST IN NORNICKEL

  • 01. Leadership in the global industry

    The world’s largest producer of “green” metals, which help to meet stringent emission standards of global auto industry and facilitate decarbonization of the global economy.

    The largest producer of palladium, one of the largest producers of " high-grade nickel" - this is high purity refined nickel used in the battery industry and stainless steel production, the largest producer of platinum outside South Africa, with strong presence in copper.

    1 Data as of early March 2025. Based on refined metal (including tolling) output for palladium, nickel, platinum, and rhodium; based on contained metal production for copper.

    • 02. The world’s best polymetallic reserve base

    The highest grade of the metals basket (base metals and PGMs together) and a long

    mine
    life.

    chart
    >70
    years
    resources at the current production rate
    Resource base in the Arctic region boasts the largest proved and probable
    ore reserves
    .
    Ore reserves are rich in all the key metals (nickel, copper, platinum, and palladium).
    The lowest cash cost of nickel production compared to peers
    Long mine life
    Operations and assets

  • 03. High degree of upstream and downstream integration with its own logistics infrastructure facilities

    Downstream integration of mining into refined metals production with access to captive logistics infrastructure (sea and river fleet).

    Full self-sufficiency in power, fuel, water and key raw materials — significantly smaller share in cash costs vs peers.

  • 04. Carbon footprint of nickel produced in accordance with international standards

    chart
    8.5
    kg of CO2 per kg of metal
    carbon footprint of nickel produced in accordance with international standards ISO 14040, 14044 and 14067.
    Please read more

  • 05. Financial Stability

    Historically, Nornickel has demonstrated financial sustainability throughout the cycle: high profitability.

    41
    %

    EBITDA margin

    as of 2024

    1.7
    х

    Net Debt/EBITDA

    as of 2024

  • 06. Disciplined investment approach and responsibility for capital

    • focus on Tier I assets.
    • new investment management system.
    20
    %

    Minimum IRR Hurdle Rate for New projects

Investors News for Investors
Investors News for Investors