Russian Nornickel Maintains 2025 Nickel Production Forecast Unchanged

Published: Apr 22, 2025 09:39

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On Monday, April 21, Russia's Norilsk Nickel maintained its 2025 nickel production forecast at 204,000-211,000 mt, with palladium production at 2.704-2.756 million ounces. The company is one of the world's largest producers of nickel and palladium. The company stated that its nickel production in Q1 this year was 42,000 mt, a YoY decrease of 1.1%, while palladium production pulled back 0.6% YoY to 741,000 ounces.

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