This year, Norilsk Nickel will sell its products mainly to the same countries and regions as in the last year, noted Mikhail Borovikov, director of the company’s investment community department.
“In terms of sales structure by geography, I think we will remain approximately at the level that we reported in 2023. Maybe there will be some changes, but very, very minor,” Prime agency quotes Borovikov’s comment on Telegram.
Last year, the company noticeably reoriented its commodity flows to the markets of the Asia-Pacific region and the domestic market. The share of the company's revenue in Asia for the first half of 2023 increased from 27% to 49%, in Europe - decreased from 51% to 25%, in North and South America - decreased from 17% to 14%, in Russia and the CIS - increased from 5% to 12%.
Also, according to Borovikov, the discount on Norilsk Nickel products remained minimal.
“For obvious reasons, we do not disclose information about discounts. But even if they exist, they are extremely small,” he added.
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
