What does Norilsk Nickel do?
Norilsk Nickel (Russian: ГМК «Норильский никель»), or Nornickel, is a Russian nickel and palladium mining and smelting company. Its largest operations are located in the Norilsk–Talnakh area near the Yenisei River in the north of Siberia.
Which metal is most commonly mined in Norilsk?
nickel
Between its various operations, Norilsk accounts for about 90% of Russia’s nickel, 55% of its copper and virtually all of its PGMs.
What minerals are mined in Norilsk?
Consequently, mining and smelting ore are the major industries. Norilsk is the center of a region where nickel, copper, cobalt, platinum, palladium and coal are mined.
What is produced in Norilsk?
In 2020, Nornickel produced 172,357 metric tons of nickel. Norilsk Nickel, known as Nornickel for short, is the world’s largest nickel and palladium producing company, in addition to producing gold, silver, platinum, cobalt, rhodium, sulfur, tellurium, selenium, ruthenium, and iridium.
Is Norilsk Nickel a good buy?
Norilsk Nickel (OTCPK:NILSY) was growing rapidly in the past few years due to the rise in non-ferrous metal prices. It is still a good value stock, paying high and consistent dividends, but long-term opportunities may be hindered by the need for significant capital expenditures and lower free cash flow.
Can you drive to Norilsk?
Norilsk (Russian: Нори́льск nah-REEL’SK) is a large city in Taymyria. Because of its strategic importance, Norilsk is a closed city and special permission is needed for travel, which will likely be denied unless you have a really good reason.
What is palladium used for?
Palladium is one of a number of metals starting to be used in the fuel cells to power a host of things including cars and buses. Palladium is also widely used in catalytic reactions in industry, such as in hydrogenation of unsaturated hydrocarbons, as well as in jewellery and in dental fillings and crowns.
Can you leave Norilsk?
Where is palladium mined Russia?
The Chernogorskoye field is located in the Taymyr Peninsula, near the nickel fields of Nornickel. Ore reserves are estimated to 770 million tons and the production period stretches 55 years into the future.
Is there a nickel ETF?
Nickel. The most commonly traded pure Nickel ETF is the iPath DJ-UBS Nickel SubTR ETN. It seeks to track the performance of an un-leveraged position in nickel futures.