Nornickel becomes leader in revenue share in Asia

Nornickel becomes leader in revenue share in Asia

October 24, 2022

Analysts believe that demand for Russian nickel will grow.

#ARCTIC. #SIBERIA. THIS IS TAIMYR. Analysts of BCS World of Investments studied the domestic business’s revenue share in Asia. The need to pay closer attention to the East markets has been repeatedly stated by the Nornickel’s top managers. The mining and metals giant, with a 26.4 percent share in the Asian market, turned out to be in first place.

Nornickel already has two offices in China for trading and metals distribution. Most likely, the trade development trend in the eastern direction will continue.

“Probably, the demand for mined nickel in Russia will grow in the future due to the growth of the market for electric vehicles”, BCS World of Investments announces.

In the top three, Nornickel is ahead of two other major Russian companies. Diamond mining company ALROSA occupied the second place with 21.1 percent. The gold mining company Polymetal closes the top three with 18.3 percent.

Earlier, Nornickel won the highest awards at the branding summit and topped the corporate responsibility rating. The company also plans to release the first public report on climate change.

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Text: Angelica Stepanova, Photo: Olga Polyanskaya

October 24, 2022

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