Russian Nornickel Maintains 2025 Nickel Production Forecast Unchanged

Apr 22, 2025, at 9:39 am

On Monday, April 21, Russia's Norilsk Nickel maintained its 2025 nickel production forecast at 204,000-211,000 mt, with palladium production at 2.704-2.756 million ounces. The company is one of the world's largest producers of nickel and palladium. The company stated that its nickel production in Q1 this year was 42,000 mt, a YoY decrease of 1.1%, while palladium production pulled back 0.6% YoY to 741,000 ounces.

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The US dollar continued to weaken, and the LME lead was closed. Overnight, SHFE lead moved downwards after a higher opening and closed slightly higher. [SMM Lead Morning News]

Russian Nornickel Maintains 2025 Nickel Production Forecast Unchanged

Cost Support vs. Off-Season Consumption, Lead Prices Continue to Consolidate [SMM Lead Morning Meeting Summary]

The US dollar continued to weaken, and the LME lead was closed. Overnight, SHFE lead moved downwards after a higher opening and closed slightly higher. [SMM Lead Morning News]