Norilsk Nickel Seen Best-Placed as Ukraine Crisis Unfolds

Posted on March 3, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

OAO GMK Norilsk Nickel, Russia’s largest mining company, may be the least affected among its peers by the Ukraine crisis because of its dominant position in global nickel and palladium supplies and financial strength.

Norilsk’s position is fortified by its 17 percent share of worldwide nickel output and 41 percent of palladium, Dmitry Kolomytsyn, a Moscow-based analyst at Morgan Stanley, said by phone. The metals are priced in dollars, which reached a record high against the ruble today.