首页|Norilsk Nickel's net sales of nickel slip in H1
Norilsk Nickel's net sales of nickel slip in H1
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NSTL
Russian metals giant Norilsk Nickel said that net sales fell 43 percent to 1.1 billion dollars in the first half of the year, according to the company's non-consolidated accounts under Russian accounting standards. The data concerns major producing unit, MMC Norilsk Nickel, accounting for around 80 percent of the group's revenues, but does not include results of Norilsk's units on the Kola Peninsula or London-based trading company Norimet. The decline in revenues was caused by weak world prices for nickel, copper and platinum group metals. During this time, Norilsk built its nickel stockpiles and then started selling the metal once prices strengthened, the company said. In the first half of the year, nickel exports were up 28 percent on the year to 108,700 metric tons. Another 60,000 tons was shipped abroad in collateral for a 200-million dollars 3-year loan, organized by CSFB.
NSTL
