Investment highlights

Unique resources

The unique mineral resource base of polymetallic ores secures the most advantaged position in the global mining industry.

9 mines

1,127 mln t
Proven and probable reserves
Ni
8,3 mln t
Cu
14.9 mln t
PGMs
165 Moz

over 75 years
Resources at the current production rate
1,826 mln t
Measured and indicated resources
Ni
13.8 mln t
Cu
22.7 mln t
PGMs
254 Moz

Indispensable metals for green energy

Nornickel is the world’s largest producer of green metals which underpin the global economy’s decarbonization process and the transition to renewable energy and electrified transport.

Metal products and uses

High-grade nickel
  • Batteries
  • Chemical industry
  • Medicine
  • Nickel electroplating
  • Alloys
  • Stainless steel
Copper
  • Electrical wires
  • Pipes
  • Architecture and design
  • Antiseptic
  • Copper rod
Palladium
  • Chemical industry
  • Medicine
  • Investment
  • Glass fibre and optical glass
Platinum
  • Catalysts
  • Jewellery
  • Electronics
  • Oil refining

Leading position in global marketsData as of early March 2023. Based on refined metal (including tolling) output for palladium, nickel, platinum, and rhodium; based on contained metal production for copper.

Nornickel is the global leader in palladium and high-grade nickel production.

43%
Palladium
17%
High-grade nickel
12%
Platinum
8%
Rhodium
2%
Copper

Some of the lowest cash costs and carbon footprints of nickel production

among global producers. The carbon footprint of nickel metal production according to international standards totalled

9.7 t of CO2
equivalent per tonne of metal.

High degree of vertical integration: from ore to finished products (100% self-sufficiency).

The Company’s reliance on own logistics, energy, fuel, and water supply translates to a significantly smaller share of these expenditures in cash costs vs peers.

Best-in-class feedstock mix –

natural diversification and solid long-term fundamentals.

The most liquid shares in the market

Nornickel shares have been traded in the Russian stock market since 2001. Since 2014, the shares are included on the First Level quotation list of the Moscow Exchange (ticker: GMKN).

Shareholding structure as of 31 December 2022 (%)
Analysts’ recommendations on the Company shares
Nornickel shares are included in 16 indices of the Moscow Exchange, with the following weights in the main indices as of the end of December 2022:
7.39 %
MOEX Russia Index
10.44 %
MOEX 10 Index
9.24 %
Blue Chip Index
15.27 %
MOEX Metals and Mining Index
7.32 %
MOEX Broad Market Index
4.51 %
Sustainability Vector Index