Nornickel sees up to 3% nickel output increase in 2025
![Nornickel sees up to 3% nickel output increase in 2025](https://www.miningnews.ir/wp-content/uploads/2025/01/Nornickel-smelter.jpg)
Russia’s Nornickel, the world’s major producer of refined nickel and palladium, said on Monday it sees its nickel output at 204,000-211,000 metric tons in 2025, an up to 3% increase from last year.
The company said it produced 205,000 tons of nickel in 2024, a 2% drop from the previous year, but exceeded its earlier production guidance of up to 204,000 tons.
Nornickel said it had produced 2.762 million ounces of palladium in 2024, a 3% increase year-on-year. It forecast it will produce 2.704-2.756 million ounces of palladium in 2025.
“In 2024, the output of all key metals exceeded our production guidance as a result of improved operating efficiency,” said Nornickel’s senior vice-president Alexander Popov.
He stressed that a return of a furnace at its flagship Nadezhda smelter after major repairs in August played a major role.
“The furnace was practically fully re-built resulting in a 25% increase of its smelting capacity. We managed to complete this scheduled capital repair in 60 days instead of the planned 90 days,” Popov added.