Energy
Russian Miner Nornickel Weighs Projects in New Top Market China
- Miner has signed about ten memorandums of understanding
- Trade with China has become more complicated due to sanctions
Sparks fly as a worker supervises the flow of hot liquid metal at a MMC Norilsk Nickel PJSC metallurgical plant in Norilsk, Russia.
Source: BloombergThis article is for subscribers only.
Russia’s biggest miner MMC Norilsk Nickel PJSC is weighing several new projects in copper, nickel and palladium in China as sanctions make cross-border payments and shipments increasingly difficult.
Nornickel executives held talks with potential Chinese partners this month and signed about ten memorandums of understanding, covering the whole group of metals the miner makes, two people familiar with situation said, asking not to be identified as the information is private.