Nornickel to sell token metals for electric vehicles

Nornickel to sell token metals for electric vehicles

February 02, 2022

The issue volume is 10 million dollars.

#ARCTIC. #SIBERIA. THIS IS TAIMYR. The Nornickel Global Palladium Fund has issued digital exchange instruments (ETC) for metals needed for electric vehicles production.

The volume of the issue is 10 million dollars. The tokens are listed on the Milan Borsa Italiana stock exchange, and in the next few weeks they will be listed on the German stock exchange Deutsche Börse, the London Stock Exchange and the Swiss Exchange.

 Now each ETC is provided with five metals: copper (40 percent), palladium (28.13 percent), nickel (18.65 percent), cobalt (11.45 percent) and platinum (1.77 percent). Going forward, this proportion will be reviewed annually based on how they are used according to the GPF Electric Vehicle Index, which includes metals based on how they are used in four segments of electric vehicles: battery-powered vehicles (BEV), hybrids (HEV), plug-in hybrids (PHEV) and fuel cell electric vehicles (FCEV). It is even possible to include new metals in the basket if they are in demand.

“In recent years, we have seen an incredible growth in demand for electric vehicles, and this is just the beginning of a global trend to replace internal combustion engines”, said Alexander Stoyanov, GPF CEO.

According to Anton Berlin, head of sales and commerce at Nornickel, the company was the first in the metallurgical sector to provide investors with the opportunity to purchase metals used for the electric vehicles production in the form of digital contracts.

Recall that the first tokens for metals (it was palladium) were issued by Nornickel in December 2020, and in September 2021, the company placed the first batch of carbon-neutral nickel on the Vienna Stock Exchange in the form of digital contracts. In general, Nornickel’s ETC issued on the Atomyze blockchain platform are now traded on the London, Frankfurt, Swiss and Italian stock exchanges. In this form, the company sells gold, silver, platinum, palladium, nickel and copper.

Follow us on TelegramInstagram Facebook and Twitter.

Text: Ekaterina Maksimova, Photo: Nikolay Shchipko and

February 02, 2022

All rights reserved ©️ THIS IS TAIMYR online media, 2020-2023

If quoting in whole or in part, a reference to the This is Taimyr is required. The editors are not responsible for the information contained in advertisements. The editors do not provide reference information. Registered by the Federal Service for Supervision in the Sphere of Communications, Information Technology and Mass Media. The mass media registration number is ЭЛ No. ФС 77 - 79414 dated 02.11.2020, valid. Distributed in Russian Federation and foreign countries.

Founder: Severny Gorod Media Company LLC, 663300, Krasnoyarsk Territory, Norilsk, Komsomolskaya st., 33a.

Chief editor: Natalia N. Popova

This site uses cookies and services to collect technical visitor data (IP address data, etc.) to ensure performance and improve the service quality. By continuing to use our site, you automatically agree to the use of these technologies: