Nornickel forecasts output drop in 2023 due to planned maintenance
Russian metals producer Norilsk Nickel said on Tuesday it expected its nickel and palladium production to fall this year due to planned refurbishment at its Nadezhda metallurgical plant after posting higher than forecast output in 2022.
The resumption of production at two mines hit by flooding in 2021 and postponing the Nadezhda maintenance helped Nornickel post a 13% year-on-year increase in nickel output to 218,970 tonnes last year, above guidance of 205 000 t to 215 000 t.