[Russian Nornickel Discusses Joint Venture with Chinese Companies] Nornickel is in talks with China's Xiamen C&D to establish a joint venture in China, which is expected to process copper raw materials. Russian Nornickel, a global leader in refined nickel and palladium production, said on Tuesday that the company is actively negotiating with a Chinese joint venture but did not disclose details of the discussions. According to two sources familiar with the matter, Nornickel is in discussions with China's major enterprise Xiamen C&D to establish a joint venture in China, aiming to process Nornickel's copper raw materials into metal. Nornickel also reiterated its target to sell its entire production by 2025 and projected a global nickel supply surplus of 150,000 mt in 2025, while expecting the global palladium market to remain balanced this year.