A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
- Russia’s Nornickel , the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announced today that in 9M 2023, its total nickel output decreased 9% y-o-y to 145 kt, most of which were produced from own Russian feed.
In 9M 2023, the company’s total copper output decreased 4% y-o-y to 304 kt mainly due to production adjustments to improve the quality of copper cathodes, in order to meet new customer’s requirements. In 9M 2023, the company’s palladium and platinum output amounted to 2,145 koz and 528 koz , respectively.
Importantly, the company reiterated its previously announced production guidance from own Russian feed for FY2023.