Norilsk Plans to Increase Australian, South African Nickel Production

Bloomberg reported Norilsk Nickel (LSE:MNOD) wants to curb its dependence on Russia for nickel and is expanding its production in South Africa and Australia.

As quoted in the market news:

Norilsk intends to raise production at its South African Nkomati project by 58 percent this year from 5,815 metric tons last year, while output at Australia’s Lake Johnston mine may jump fivefold to 8,400 tons, Roman Panov, the head of Norilsk’s overseas operations, said today in a statement.

Click here to read the full Bloomberg report.