Russia’s Norilsk Nickel’s Palladium Production Down

Oct. 24, 2011 02:37PM PST

Reuters Africa reported Russia’s Norilsk Nickel (LSE:MNOD,MCX:GMKN) said output of nickel and palladium production declined this year.

As quoted in the market news,

It said in a statement that nickel output was 215,481 tonnes in January-September, down 2.2 percent, while palladium output declined by 5.1 percent to 2.1 million ounces.
Norilsk has said that its main divisions will have to invest heavily to keep production steady as the quality of extracted ores is decreasing.

Click here to read the full Reuters Africa report.