Norilsk Nickel increases in the first half production of metals

Norilsk Nickel increases in the first half production of metals
30.07.2010 19:59

MOSCOW, 30 July (RIA Novosti). The Russian non-ferrous and precious metals producer Norilsk Nickel increased its output of nickel in the first half of 2010 over the previous year by three percent to 145 400 tonnes.

The company said on Friday in Moscow. The production of copper was in the reporting period by two percent to 199.1 thousand tons, of palladium by ten percent to 1.5 million ounces of platinum and has grown by 14 percent to 358,000 ounces, it was said.

Norilsk Nickel is one of the world's largest producers of non-ferrous and precious metals. In the company accounts for more than 20 percent of global production of nickel, more than ten percent of cobalt and three percent of copper production. In Russia, the Group controls 96 percent of the production of nickel, 55 percent copper and 95 percent of cobalt.

Of 25 percent of the shares are held by Interros conglomerate of billionaire Vladimir Potanin and aluminum company RUSAL the oligarch Oleg Deripaska.