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
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.
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.
The highest grade of the metals basket (base metals and PGMs together) and a long
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.
Historically, Nornickel has demonstrated financial sustainability throughout the cycle: high profitability.
EBITDA margin
as of 2024
Net Debt/EBITDA
as of 2024
Minimum IRR Hurdle Rate for New projects