Norilsk Nickel will supply to China all copper it extracts in Chita

Norilsk Nickel constantly negotiates with its Chinese partners about the enlargement of nickel supplies and thinks that China will be the major consumer of copper from Bystrinsky GOK in Chita, the First Vice CEO, the executive officer of Norilsk Nickel, P. Fyodorov says. In his opinion, everybody have felt the effect of the Indonesian nickel export embargo but it’s too early to evaluate re-orientation of the market. Some companies plan to build own processing capacities in Indonesia but Norilsk Nickel actively works over regarding of Norilsk Nickel’s supplies as a valuable alternative to construction of the processing capacities in Indonesia.
Besides from that, Norilsk Nickel thinks that China will be the major consumer of copper from Bystrinsky GOK in Chita, for over $1 billion a year. The company will sell copper and iron ore (magnetite) concentrates