Norilsk, Biggest Nickel Producer, to Curb Dependency
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OAO GMK Norilsk Nickel, the world’s biggest producer of the metal, plans to cut its dependency in favor of higher-margin copper output.
The company, which generated half of its sales from nickel last year, will cut the share to 35 percent by 2025 and increase revenue from copper to the same level, Moscow-based Norilsk said today in an investor presentation in London. Copper contributed 26 percent of the company’s sales last year.