Norilsk 1Q Nickel Output Down 5.2% On Restructuring
MOSCOW–OAO Norilsk Nickel (GMKN.MZ), the world’s largest producer of nickel and palladium, said Tuesday that its first quarter nickel output declined 5.2% on the year due to restructuring of its production as it refocuses on its core operations.
Nickel output fell to 67,818 metric tons from 71,571 tons a year earlier on decreased production from one of its African mines and a mine in Russia’s Kola peninsula, and the mothballing of its Lake Johnston mine in Australia last year.
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