A senior Nornickel representative noted that the company expects to generate $4 billion in revenue from precious metals sales this year.
RIA Novosti quotes Denis Sharypin, the metals company’s marketing director, as explaining that platinum group metals account for the bulk of its precious metals revenue.
Nornickel’s annual production volume stands at approximately 80 tonnes of palladium and 20 tonnes of platinum, alongside around 50 tonnes of silver and several tonnes of gold.
Precious metals reportedly account for between 30% and 50% of the company's total revenue.
Theodor Lisovoy, Managing Editor, Rough&Polished
