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Nornickel expects balanced palladium market, nickel oversupply
Russian mining giant Nornickel expects a balanced palladium market this year but oversupply in the nickel market, Nornickel Vice President Anton Berlin told reporters on Friday. Nornickel is the world's largest palladium producer and a major producer of refined nickel. Berlin said Nornickel was hoping that global trade disputes would not impact its export volumes and that the company aims to sell everything it produces. Earlier on Friday, Nornickel said it expects its financial results to deteriorate this year under pressure from low metals prices, high interest rates, the strong rouble and global trade wars.
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- Jun 27, 2025 1:24pm Posted byFundamental Analysis261
