Norilsk Sees Industry Cuts After Profit Slides to 6-Year Low

  • Nickel and PGM miner posted $4.3 billion Ebitda for 2015
  • Miner says global output cuts are needed to support price

GMK Norilsk Nickel PJSC, rivaling Vale SA as the world’s biggest nickel producer, expects shrinking industry capacity this year that will help stabilize prices after a rout in the metal cut the mining company’s profit to the lowest level in six years.

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