Discovery Alert’s Post

Russia's mining giant Nornickel just confirmed its 2025 nickel production target of 196,000-204,000 metric tons. This matters more than you might think. Why this guidance is significant: → Maintains supply stability during EV battery boom → Demonstrates operational resilience amid sanctions → Provides market certainty in volatile conditions The recovery story is impressive: Third-quarter nickel production surged 18% to 54,000 tons after spring flooding disrupted Arctic port operations. This rebound shows sophisticated crisis management and strategic stockpiling during seasonal challenges. What's driving current challenges: Equipment modernisation at Polar Division operations as Western technology gets replaced through import substitution programs. COO Evgeniy Fedorov confirms this transition is temporary but necessary for operational independence. Market impact context: Nine-month 2024 performance showed 4% nickel decline, yet management maintains confident 2025 outlook. For battery manufacturers and stainless steel producers, this production consistency provides crucial supply chain visibility. The bigger picture: Arctic operations create unique seasonal patterns, but Nornickel's integrated model from mining to refining provides competitive advantages. Strategic inventory management during navigation closures enables year-round processing despite quarterly volatility. Enjoy this summary? Hit the 'like' button to let us know. Stay up to date with critical metals supply by following this page. Read the full analysis of Nornickel's production strategy and market implications: https://lnkd.in/gaBcMKSP