Norilsk nickel loses incomes
Edited by Rhod Mackenzie / 2016-03-17 06:20:34
Finance Metals and mining Norilsk Nickel Russia Russia mineral extraction Financial results Russia Metals and Mining Copper Nickel Platinum Palladium
In 2015, Norilsk Nickel lost $1.3 billion in revenue as a result of falling prices for nickel (the total revenue decreased by 28% to $8.5 billion).
Last year, the average metal price decreased by 30% to $11.8 thousand per 1 ton. If at the beginning of 2015, nickel was sold at the price of $14.9, then by the end of the year the price dropped to $8.5 thousand, reached the level of 2003.
