Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The world's largest producer of refined nickel and palladium, Nornickel, a Russian metals company, reported a 5% decrease in nickel production to 209,000 metric tonnes in 2023.
Although Western countries have not directly targeted Nornickel in reaction to the situation in Ukraine, CEO Vladimir Potanin stated last year that sanctions had limited the company's growth.
According to Nornickel, palladium production fell 4% in 2023 to 2,692 koz. The corporation anticipated a decline in both metals' output in 2023, but palladium output exceeded expectations.
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